Rare Earths: India Can Start Permanent Magnet Production by End 2026, Says Union Min

Rare earths: India can start permanent magnet production by end 2026, says Union min

Kolkata: The importance of magnets and rare earth elements in the economy has never been so high as it is today and going to be tomorrow. Permanent magnets, especially of the rare earth types are one of the crucial drivers of the transition to clean energy, and raising levels of industrial automation and boosting modern technological infrastructure. They work in a wide array of sectors such as aerospace to consumer goods. G Kishan Reddy, Union m…

India launches Rs.32,000 Cr critical minerals mission; Permanent Magnet Production by Year-End: Kishan Reddy

India launches Rs.32,000 Cr critical minerals mission; Permanent Magnet Production by Year-End: Kishan Reddy New Delhi, Feb.19 (RAHNUMA): India is set to strengthen its position in the global critical minerals ecosystem with a Rs.32,000 crore National Critical Minerals Mission aimed at reducing import dependence and boosting domestic value creation, Union Minister for Coal and Mines G Kishan Reddy announced on Thursday. Speaking at the second ed…