Over 21,000 jobs in audio electronics segment at risk due to China’s rare earth curbs: Elcina estimates

NEW DELHI: Over 21,000 jobs are at risk in the country’s audio electronics segment due to restrictions imposed by China on the export of rare earth metals, according to an estimate shared by industry body ELCINA with the government.

In April, China implemented strict export licensing on rare earth elements like terbium and dysprosium which are key inputs for high-performance NdFeB (Neodymium-Iron-Boron) magnets used in consumer electronics.