Friday, March 13

India eyes rare earth magnet self-reliance; incentive scheme likely soon to counter China

India aims to tackle the rare earth magnet supply issues. The nation plans to boost domestic production and cut dependence on China. Incentives are in the works for magnet processing units. Midwest will produce 500 tonnes this year, scaling up to 5,000 tonnes next year. Government is exploring sourcing from Japan and Vietnam.
  • News Source Indiatimes (Click to view full news): CLICK HERE
  • Share:

0 Comments:

Leave a Reply

Your email address will not be published. Required fields are marked *

Format: 987-654-3210