India's Big Leap in Rare Earth Magnets Production
Published on: March 25, 2026, 1:31 p.m. | Source: Devdiscourse
India is enhancing domestic production of rare earth permanent magnets with the launch of its first Samarium Cobalt plant. Despite current reliance on imports, the nation aims for substantial growth by 2030, supported by governmental prioritisation and initiatives like the SHANTI Act.
