Archive · 25 Jun 2025
India's Rare Earth Magnet Push Faces Supply and Tech Challenges
India is trying to make its own magnets for things like electric cars and renewable energy.
These magnets need special materials called rare earth elements, but India doesn't have all of them.
India has some capacity to make a portion of the materials, but it has to get some from other countries.
It's also hard to find places to dig up the raw materials and get the right technology.
There are environment-friendly ways to make these magnets, but the processes are closely guarded.
Some companies are starting to get involved to make their own magnets in India, too.
India aims for self-reliance in rare earth magnets used in EVs, electronics, and renewable energy.
India lacks heavier rare earth elements such as Dysprosium and Terbium, requiring imports.
IREL can produce 400 tonnes of NdPr oxide annually, potentially enabling 2,400 tonnes of magnet production.
Challenges include limited mineral concentration, land access, and environmentally friendly technology implementation.
Private sector interest is growing, with companies like GMDC, Intelsys, and Midwest exploring opportunities.
- Who
- IREL (Indian Rare Earths Limited), other companies
- What
- India is pushing for self-reliance in rare earth magnet production for use in EVs, electronics, and renewable energy.
- When
- Not explicitly mentioned.
- Where
- India
- Why
- To reduce import dependence for critical components like rare earth magnets.
- IREL NdPr Oxide Production
- 400 tonnes annually
- Potential Magnet Production
- Around 2,400 tonnes
- Key Imported Elements
- Dysprosium and Terbium
- Current Recycling Rate
- 1%
- China Recycling Rate
- 100%