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IREL's rare-earths pricing and supply practices justified, Indian antitrust watchdog rules

By Freny Patel ( October 15, 2024, 05:36 GMT | Insight) -- Allegations of abuse of dominance in the market for Beach Sand Sillimanite by IREL India have been dismissed by the domestic antitrust watchdog. Concluding a three-year investigation into IREL, formerly Indian Rare Earths Limited, the Competition Commission of India acknowledged the company’s dominant market position but found no evidence of abuse of dominance. The commission concluded that the public-sector company’s pricing and supply practices were commercially justified. Allegations of abuse of dominance in the market for Beach Sand Sillimanite by IREL India have been dismissed by the domestic antitrust watchdog....

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