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 MoreIndia has revised royalty rates for graphite, caesium, rubidium and zirconium to stimulate domestic exploration and reduce dependence on imported critical minerals vital for clean energy, electronics and strategic sectors. The shift to ad valorem royalties and the lowering of high default rates aim to attract more bidders and improve mining viability. However, despite these reforms, India continues to face deeper challenges such as weak exploration capacity, limited processing infrastructure, low private participation and heavy reliance on global supply chains. Royalty rationalisation is a step forward, but comprehensive reforms across mining, processing and technology ecosystems are essential for true mineral self-reliance.
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