India's First Rare Earth EV Magnets

Ashvini Rare Earth has set up India's first facility to make a special metal called Neodymium–Praseodymium (Nd-Pr) in Pune.

This metal is very important for making strong magnets used in electric cars, wind turbines, and other high-tech things.

The factory can make 15 tonnes of this metal every year, which is about a quarter of what India needs.

However, the factory isn't making any money yet because they don't have any orders.

The company's boss, Vikram Dhoot, is trying to find partners to help make even more of this metal and start making magnets themselves.

They are also looking for investors to help them grow.

The factory was built with help from some big science and mining groups in India.

Making these magnets is very expensive, and the company is trying to find ways to make it cheaper and more competitive with other countries, especially China.