NMDC and Coal India Bet on EV Magnets Amidst Clean Energy Shift

Imagine electric cars and wind turbines need special magnets to work.

These magnets are made from rare earth metals, which are found in certain places around the world.

India wants to make its own magnets instead of buying them from other countries.

Companies like NMDC and Coal India are starting to look for these metals and make them into useful things.

This is a big opportunity, like finding hidden treasure, because the need for these magnets is growing a lot.

Investors are paying attention because these companies could become very important in the future, but it's a complicated process that will take time and money.