rare earth magnets
India Invests Rs 7,280 Crore to Boost Domestic Rare Earth Magnet Manufacturing for EVs and Defense
Nov 26, 2025 08:32 pm CST
The Indian Union Cabinet has approved a Rs 7,280 crore scheme to establish 6,000 MTPA manufacturing capacity of rare earth permanent magnets essential for electric vehicles, defense systems, and medical devices. The initiative aims to distribute production capabilities among five globally selected manufacturers over a seven-year implementation period.
India Strengthens Domestic Rare Earth Value Chain to Reduce Import Dependency: IREL Division Head Reveals
Nov 07, 2025 05:57 pm CST
IREL's Rare Earth Division Head V Chandrasekar reveals India's strategic push to develop self-reliant rare earth resources across multiple states including Tamil Nadu, Kerala, Odisha, and Andhra Pradesh. The initiative aims to build a complete domestic value chain to overcome China's import restrictions while supporting critical technologies like electric vehicles, wind turbines, and magnets through PSU partnerships and international cooperation.
Indian Companies Secure Licenses for Rare Earth Magnet Imports from China Amid Global Supply Challenges
Oct 31, 2025 01:31 am CST
India has granted licenses to several companies including Continental India, Hitachi, and Jay Ushin to import rare earth magnets from China, providing relief to the automotive and electronics industries. These first clearances since Beijing's export restrictions in April come with conditions prohibiting re-export to the US or use in defense applications, while coinciding with a new US-China agreement on rare earth materials supply.
TikTok, Trade, Taiwan Top Agenda For Call Between Trump, Xi
Sep 17, 2025 04:31 pm CST
US President Donald Trump and Chinese President Xi Jinping will have plenty to discuss this week in their first conversation since June, with TikTok, Boeing planes, rare earth magnets and Taiwan among top items for negotiation.