Domestic Production Capacity of Rare Earth Permanent Magnets to Reach 5,000 Tonnes by 2030

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Domestic Production Capacity of Rare Earth Permanent Magnets to Reach 5,000 Tonnes by 2030
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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Domestic Production Capacity of Rare Earth Permanent Magnets to Reach 5,000 Tonnes by 2030


Domestic Production Capacity of Rare Earth Permanent Magnets to Reach 5,000 Tonnes by 2030
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…



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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