India has taken a significant step toward self-reliance in critical materials by laying the groundwork for a domestic ecosystem for Rare Earth Permanent Magnets (REPMs), as part of a broader push to strengthen its position in advanced materials value chains, according to an official statement issued on Tuesday. The initiative combines domestic manufacturing incentives with […]
The Union Budget 2026 has placed Tamil Nadu at the heart of India’s strategic push to secure critical minerals, with the Finance Minister announcing the development of a rare earth minerals corridor in the State as part of a broader effort to reduce import dependence and strengthen supply chains vital for clean energy, electronics and […]
In a major push for strategic self-reliance, the Indian government has approved a ₹73 billion (approximately $800 million) incentive package to build a domestic industry for rare earth permanent magnets. The move targets China’s overwhelming dominance in a sector vital for electric vehicles, wind turbines, consumer electronics, and advanced defense systems. The plan, cleared in […]
Three Indian companies have received licences from Chinese authorities to import rare earth magnets, offering partial relief to India’s automotive and electronics industries that were hit by Beijing’s export restrictions earlier this year, the government said on Thursday. Ministry of External Affairs spokesperson Randhir Jaiswal confirmed that some Indian firms have secured approvals to import […]
India is preparing to significantly scale up financial incentives for domestic manufacturing of rare earth magnets, nearly tripling the size of its support programme to more than Rs 7,000 crore, as New Delhi moves to shore up supply chains for materials critical to electric vehicles, renewable energy and defence, according to people familiar with the […]
India’s effort to build a domestic rare earth permanent magnet manufacturing base is moving from policy intent to early execution, as the government sharpens its focus on reducing import dependence and securing supply chains vital for electric vehicles, renewable energy, defence and advanced electronics. The Rs 7,280-crore incentive scheme to promote manufacturing of sintered rare […]
India’s interest in deeper investment ties with Venezuela’s emerging critical minerals sector is being reshaped by dramatic political developments in Caracas, where former President Nicolás Maduro was ousted in a U.S. operation, raising fresh questions about risk, sanctions and the future of bilateral cooperation in strategic resources such as lithium, nickel and rare earth elements. […]
The rare earths sector moved decisively into the geopolitical and strategic spotlight in 2025, as governments and markets increasingly treated these minerals as critical assets rather than ordinary industrial inputs. The year opened with China reaffirming tight regulatory oversight of rare earth mining, refining and exports, underlining its continued dominance in a supply chain that […]