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flag India plans to become self-reliant in rare earth magnets, reducing dependence on China.

flag India is developing a roadmap to become self-reliant in rare earth magnets, crucial for electric vehicles and renewable energy, through five policy pillars. flag These include market assurance, setting up mineral hubs, supporting industrial leaders, expanding mining and refining, and creating a national buffer stock. flag The plan also suggests a National Rare Earth Innovation Hub and a Magnet Ecosystem Coordination Cell. flag This move aims to reduce dependence on China, which controls 85-95% of global rare earth magnet production, and to meet India's rising demand estimated at 7,154 tonnes by 2030.

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