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Construction Giant L&T Said to Plan India Rare-Earth Magnet Bid

Larsen & Toubro Ltd. plans to manufacture rare-earth magnets in India, said people familiar with the matter, as the engineering giant rides a government push to reduce a reliance on imports and loosen China’s stranglehold over the critical industrial component.

We haven't written up this one. Bloomberg has the full story — the link below goes straight to it.

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