‘Some countries have monopolized them’: G Kishan Reddy eyes self-reliance in critical minerals; says rare‑earth permanent magnet production by year-end
Demand for rare earth permanent magnets in India is projected to double by 2030. Stressing on the importance of self-reliance, Union Minister of Mines and Coal G Kishan Reddy on Thursday said that India aims to begin domestic production of rare earth permanent magnets by year-end through collaboration with private industry.Reddy stressed on the strategic…