> Toyota HQ need to use an Indian JV as a proxy

Japan began moving extraction and processing to India. Japan conducts transshipment via Thailand and Vietnam (though Vietnam is now graduating into processing as well).

TREI is completely ExChina.

> China was fine with rare earths ultimately making its way to Japan

The worry has been if China and Japan are ever in a diplomatic tussle again like in 2010-12, then the entire flow of REEs from China could be shut down, but the Chinese government still wants to let some amount of flow to happen in order to ensure that the incentive to build an entirely ExChina supply chain does not take hold.

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MichaelZuo 4 days ago | parent [-]

So it clearly seems like dragging them into intrigues they otherwise could have simply avoided?

(By genuinely using the materials in India which Indian JVs typically do)

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alephnerd 4 days ago | parent | next [-]

> clearly seems like dragging them into intrigues they otherwise could have simply avoided

India and China have been at logger heads since the 1960s. The same moment India and Japan started the joint JV, India and China had a naval standoff because India's ONGC began developing Vietnam's claim in the South China Sea [0] and the PLA began normalizing encroachment [1] in Ladakh and Arunachal.

China has weaponized export controls against India for years now, from requiring Foxconn pull back Chinese employees working on equipment transfers to India [2] to barring magnet exports for India's EV industry [3] to barring Chinese EV firms and suppliers from moving to India and Vietnam [4].

China is trying to do to India what America should have done to China in the 2000s and 2010s. Even if the US did not figure in conversations, the same weaponization against India by China would have happened.

> By genuinely using the materials in India which Indian JVs typically do

Japanese and Korean companies have been using IREL and transferring IP to Indian SOEs for almost 15 years now as well.

[0] - https://thediplomat.com/2011/09/india-china-navies-face-off/

[1] - https://carnegieendowment.org/research/2023/08/impasse-at-th...

[2] - https://techcrunch.com/2025/07/02/foxconn-tells-hundreds-of-...

[3] - https://www.reuters.com/world/china/chinas-magnet-curbs-risk...

[4] - https://www.nytimes.com/2025/07/15/business/china-electric-v...

	▲	MichaelZuo 3 days ago \| parent [-]
		How are these points even relevant to the comment? They seem orthogonal to the issue of Indian board members now being involved on the record.

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renewiltord 4 days ago | parent | prev [-]

Did my wife drag me into marriage or did I drag her into marriage? Perhaps we will never know who drags whom. Certainly one must have dragged the other.