The Centre has notified a Rs 7,280 crore scheme to promote domestic manufacturing of sintered rare earth permanent magnets.

LS also expects strong demand growth for rare-earth magnets to come from the electronics, aerospace, defence, robotics, and ...

The Union government is likely to float a global tender next month (January) to invite proposals under the Scheme to Promote ...

India launches a ₹7,280 crore scheme to boost domestic manufacturing of rare earth magnets, reducing reliance on imports.

India has approved a 72.8 billion rupees ($815.74 million) rare earth permanent magnets manufacturing programme, the information minister said on Wednesday, in an effort to cut reliance on imports for ...

Chicago, Sept. 22, 2025 (GLOBE NEWSWIRE) -- The global permanent magnet market was valued at US$ 32.86 billion in 2024 and is expected to reach US$ 67.25 billion by 2033, growing at a CAGR of 8.47% ...

Neodymium is a rare-earth element essential for producing the strongest permanent magnets, which are widespread in defense ...

India is set to invite bids for rare earth permanent magnet (REPM) manufacturing facilities as part of a ₹7,280-crore incentive scheme, aiming for self-reliance in key sectors such as electric ...

As some entities identify new (or at least overlooked) sources to meet the growing demand for rare earth materials, others are looking toward new tools. UK deep-tech company Materials Nexus announced ...