Technology giant Apple has announced a major push to expand its manufacturing base in the United States, including a decision to exclusively use rare-earth magnets made in the country.
While talking to ANI, the union minister said, "For this, the Indian government has also started some PLI schemes to encourage it. We are paying attention to this subject. The Prime Minister has continuously discussed this subject. Recently, during his visit to 5 countries, discussions were
The Centre is trying to make available technology in three to four months to different private factories to ramp up rare earth magnets production in India, said Union Minister for Coal and Mines, G Kishan Reddy.
Speaking to ANI, the minister said, "The Central Government has decided to produce rare earth magnets in Hyderabad. Our Mining Ministry's NFTSM institute is working diligently, along with various industries, to manufacture the necessary machinery."
Pankaj Mohindroo, Chairman of India Cellular and Electronics Association (ICEA), welcomed the central government initiatives to ramp up rare earth magnets production in India, particularly the incentives the latter is earmarking for.
The central government has earmarked Rs 1,345 crore to incentivise rare earth magnets production in India, aimed at building domestic capacity when there are reports of global short supply.
Researchers at Paul Scherrer Institute PSI have demonstrated an innovative method to control magnetism in materials using an energy-efficient electric field.
Rare earth magnets, low in cost but critical in function, could emerge as a key supply-side risk for India's automotive sector if China's export restrictions and delays in shipment clearances persist, according to a report by Crisil Ratings.
Western businesses allege China is demanding confidential company data, including client lists and production details, to approve rare earth exports, raising concerns over trade secrets. The move comes amid tighter export rules and growing global reliance on China for key materials used in e
Rare-earth magnet inventories are likely to 'taper off' by mid-July 2025 for the automobile industry, weighed down by the export restrictions from China and ensuing shipment delays, according to a release by rating agency ICRA.
New Delhi [India], March 12: When you travel, it's easy to pick up the usual souvenirs--keychains, postcards and magnets--but why not stand out and choose something more unique? Unusual souvenirs can be memorable and meaningful. Plus, they tell a story about the place you visited. Here ar