Brief by Shorts91 Newsdesk / 06:33pm on 26 Nov 2025,Wednesday India
India has approved a Rs 7,280-crore plan to build its own rare earth permanent magnet (REPM) industry and cut its heavy reliance on China. China controls about 90% of global rare earth magnet production, which is key for EVs, wind turbines, electronics and defence systems. The new scheme will create India’s first full rare earth supply chain, from oxides to metals and finished magnets. The plan will run for seven to ten years with subsidies and incentives to set up 6,000 MTPA capacity. India has large rare earth reserves but makes only 1% of global output today. (PC: India Today)
