India Eyes Rare Earth Magnet Push

  Published 10 months ago

Mahindra and Uno Minda plan local magnet production as India seeks self-reliance amid China's export restrictions.

  • China’s magnet export limits prompt Indian firms and the government to boost domestic rare earth magnet manufacturing capacity.
  • Mahindra and Uno Minda show interest, pending incentives; Sona Comstar already exploring local magnet production.
  • India eyes domestic mining, Myanmar resources, and Central Asia partnerships as IREL halts exports to secure the supply chain.

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