Latest News, Updates & Breaking Headlines
New Delhi: India is set to begin domestic production of rare earth permanent magnets by the end of this year, minister of mines G Kishan Reddy said on Thursday, calling it a “very big achievement” for the country’s push towards self-reliance in critical minerals. Speaking at a Ficci event, Reddy said the govt, along with…
In a boost to India’s domestic rare earth manufacturing capabilities, PM Narendra Modi-led Union Cabinet on Wednesday cleared an over Rs 7,200 crore Rare Earth Permanent Magnets (REPM) Scheme. The scheme aims to establish integrated manufacturing facilities with a capacity of 6,000 Metric Tons per Annum (MTPA) of Rare Earth Permanent Magnets. The initiative hopes…
NEW DELHI: Govt on Thursday announced “some Indian companies” have got approval from China to import rare earth magnets, to be used in automotive and electronics industries.MEA spokesperson Randhir Jaiswal said licenses have been issued, which will enable access to the magnets whose procurement had been stopped after China put curbs on their sale earlier…
China has tightened its rare earth export controls, expanding restrictions on processing technology and spelling out its intention to limit exports to overseas defence and semiconductor users. From India, China is reportedly seeking guarantees that the heavy rare earth magnets supplied by it will not be re-exported to the US and will be used only…
China has sought assurances from India that heavy rare earth magnets they supply will be utilised exclusively for domestic requirements. (AI image) China will export rare earth magnets to India only if it assures that they will be used for domestic needs and will not find their way to the US. Indian companies have already…
