
India has intensified efforts to scale up domestic production of rare earth permanent magnets and accelerate the exploration of critical minerals such as lithium, with a target to achieve a production capacity of 5,000 tonnes by 2030. Union Minister of State (Independent Charge) for Science and Technology and Earth Sciences, Jitendra Singh, informed the Lok Sabha, according to an official statement from the Department of Atomic Energy dated March 25, 2026.
Rising Demand for Rare Earth Magnets
Responding to queries during Question Hour, the Minister…

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