Archive · 28 Dec 2025
India's Rare Earth Magnet Demand to Double by 2030
India's need for special magnets called Rare Earth Permanent Magnets (REPMs) is expected to double by 2030.
These magnets are very strong and are used in electric cars, wind turbines, electronics, and defence systems.
The Indian government has started a plan to make these magnets in India to reduce the need for imports.
India has a lot of the raw materials needed for these magnets, but currently, most of them are imported from China.
The government's plan aims to make India self-reliant in producing these important magnets and support the country's goals of being environmentally friendly and technologically advanced.
India's demand for Rare Earth Permanent Magnets (REPMs) is expected to double by 2030.
REPMs are crucial for electric vehicles, wind turbines, electronics, and defence systems.
The government has approved a ₹7,280 crore scheme to establish 6,000 MTPA of integrated REPM manufacturing capacity.
India has substantial rare-earth mineral resources, but currently relies heavily on imports, mostly from China.
The initiative aims to enhance self-reliance and support national objectives like Atmanirbhar Bharat and Net Zero 2070.
- Who
- Indian government and domestic industries
- What
- Doubling demand for Rare Earth Permanent Magnets (REPMs) by 2030
- When
- Expected by 2030
- Where
- India
- Why
- Driven by growth in electric mobility, renewable energy, electronics, and defence sectors
- Expected Demand Growth
- Double by 2030
- Driving Sectors
- Electric mobility, renewable energy, electronics, defence
- Government Scheme
- ₹7,280 crore for REPM manufacturing
- Target Capacity
- 6,000 MTPA of integrated REPM manufacturing
- Rare-Earth Resources
- 13.15 million tonnes of monazite, 7.23 million tonnes of REOs
- Import Dependence
- 59.6% to 81.3% in value, 84.8% to 90.4% in volume (2022–23 to 2024–25)
- Key Imports Source
- China
- National Objectives
- Atmanirbhar Bharat, Net Zero 2070
