In a world where advanced technologies and clean energy solutions are becoming increasingly reliant on critical minerals, the government of India is making a concerted effort to enhance its rare earth processing and manufacturing capacity – a move that has accelerated sharply over the past year. Rare earth elements (REEs) and their downstream products, such as rare earth permanent magnets (REPMs), are critical to the development of electric vehicles, renewable energy solutions, consumer electronics, aerospace, and defence sectors. Despite having large reserves of REEs, the country has traditionally been highly reliant on imports for its value-added processing.
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