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rare earth magnets

Editor's picks

Japan’s Proterial to invest ₹2,250 crore in Andhra Pradesh for India’s first major rare earth magnet plant

OpIndia Staff -
Japanese materials pioneer Proterial is investing ₹2,250 crore to set up a permanent rare earth magnet production facility in Achutapuram, Andhra Pradesh.
Editor's picks

Centre clears Rs 7,104 crore PLI projects, rare earth magnet unit gets focus with Rs 700 crore investment

OpIndia Staff -
Government approvals include indigenous technology driven manufacturing, with focus on reducing import dependence, meeting 25% rare earth magnet demand and expanding India’s capabilities from components to core electronics production across sectors.
News Reports

Cabinet launches landmark Rare Earth Magnet scheme: Read how it will cut dependency on China and power India’s journey to ‘Atmanirbhar’ and ‘Viksit Bharat’

Shriti Sagar -
Under the scheme, the government plans to set up 6,000 metric tonnes per annum (MTPA) of integrated REPM manufacturing capacity in India.
Government and Policy

Union Cabinet approves ₹7,280 crore scheme to promote domestic manufacturing of Rare Earth Permanent Magnets to strengthen automobile, defence and aerospace sectors

OpIndia Staff -
In a landmark move to fortify India's technological sovereignty and reduce import dependence, the Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday...
News Reports

After launching trade war on entire world, Trump rants against China alleging trade hostilities over rare earth export controls, threatens massive tariff increase

OpIndia Staff -
In a fiery Truth Social post, U.S. President Donald J. Trump accused China of unleashing "great Trade hostility" by imposing sweeping export controls on...
News Reports

Semiconductors Vs rare earths: China retaliates against US sanctions, imposes strict export control for elements it has 90% global monopoly in. Read what it...

Shraddha Pandey -
The Chinese MOFCOM’s announcement number 61 goes beyond REE export restrictions and says, “Overseas organizations and individuals (hereinafter referred to as "overseas designated export operators") must obtain a dual-use item export license issued by the Ministry of Commerce of China before exporting the following (listed) items to countries and regions outside of China.”
News Reports

Centre to launch ₹1,000 crore scheme to boost rare earth magnet manufacturing, reduce China dependence

OpIndia Staff -
Only 20% of India's geological potential has been explored, despite it having the 3rd-largest rare earth reserves globally.

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