Earth Magnetic Field

Sona Comstar MD says Centre should consider 'ring-fencing' this sector through safeguard duties in future

The government has cleared a Rs 7,280 crore plan to build India's first integrated rare earth magnet supply chain, aiming for 6,000 tonnes annual capacity to support EVs, clean energy and electronics

It is working on a plan to secure supplies for next two-three quarters

The use of high-efficiency magnets in consumer electronics, hard disk drives, renewable energy sectors, and mobility has made the material critically important to several industries

At present, GSI has almost 240 projects on critical minerals, including around 100 related to rare earth

The directive came amid growing industry concern over supply chain constraints following China's April 4 move to restrict exports of rare earth magnets

The Secretary of the Ministry of Heavy Industry said that eligible manufacturers must carry out end-to-end processing-from rare earth oxides to finished magnets

Mahindra and Uno Minda are exploring rare earth magnet manufacturing in India as the government considers incentives and stockpiling amid Chinese export curbs

ACMA highlights the vulnerability in India's auto component supply chain following China's rare earth magnet curbs, urging rapid localisation to mitigate risks

Low environmental standards helped China become the world's low-cost producer of rare earths, but Beijing was also focused on helping the industry

India's automobile industry is currently facing a rare earth magnet shortage after China -- which supplies over 80 per cent of India's magnet imports

The schemes could be under the National Critical Minerals Mission (NCMM), announced in January

India's automobile industry is currently facing a rare earth magnet shortage after China -- which supplies over 80 per cent of India's magnet imports -- imposed stricter export controls in April 2025

The government is actively engaging with EU to ensure that concerns of Indian companies and hard-to-abate sectors are adequately addressed under CBAM, says union minister of heavy industries and steel

India requires a variety of rare earth elements-particularly neodymium, praseodymium, dysprosium, and terbium-primarily for use in permanent magnets for electric vehicles

To use these on their existing models

Amid uncertainty over rare earth approvals from China, India pushes to secure dysprosium and terbium imports essential for magnet production in electric vehicles and wind turbines

India must also recognise that future value chains for critical minerals will be constructed, taking into account the demands of the host nations

Hyderabad-based MAM to start 500-tonne annual rare earth magnet output by December and invest ₹1,000 crore in three years to scale capacity and secure raw material

China holds around 50% of the world's rare earth reserves, 70% of extraction capacity, and over 90% of processing capability