India Mulls Incentivising Rare Earth Production

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SUMMARY

The ministries of heavy industries and mines are drafting a new scheme to offer incentives to both private companies and PSUs to produce rare earth materials within the country

Rare earth minerals are critical for the manufacturing of electric vehicles, smartphones, renewable energy systems, and defence equipment

This comes after China imposed export restrictions in April, requiring exporters to obtain licences and submit detailed information about the end-use of these…



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India Mulls Incentivising Rare Earth Production


SUMMARY

The ministries of heavy industries and mines are drafting a new scheme to offer incentives to both private companies and PSUs to produce rare earth materials within the country

Rare earth minerals are critical for the manufacturing of electric vehicles, smartphones, renewable energy systems, and defence equipment

This comes after China imposed export restrictions in April, requiring exporters to obtain licences and submit detailed information about the end-use of these…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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