Rare earth magnets are high-performance materials essential for electric vehicles, wind turbines, electronics, and defence systems, making them critical for India’s clean energy transition and technological growth. With China dominating global processing, India’s push for domestic manufacturing, critical mineral processing, and recycling aims to reduce import dependence and build a self-reliant mine-to-magnet ecosystem to strengthen economic and strategic security.
Click to View MoreThe Union Cabinet has approved a ₹1,500 crore incentive scheme to promote the recycling of critical minerals like lithium and cobalt from e-waste. This initiative, part of the National Critical Mineral Mission, aims to boost domestic capacity, reduce import dependency, and support India's climate and circular economy goals.
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