Rajiv Kumar reported that rare earth magnets are as vital for modern industries as semiconductors or chips. Over the next year, India is set to emerge as a global supplier of rare earth magnets alongside China, ending China’s monopoly. India established the state-owned company Indian Rare Earths Limited in 1950 for rare earth production, mainly utilizing oxides found abundantly along the coastal areas of Kerala and Andhra Pradesh.
India to Expand Its Reach Ahead of the World in Rare Earth Magnets, China Watches
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