https://www.mining.com/web/india-plans- ... -reliance/India plans to kickstart rare earth output to cut China reliance
Bloomberg News | July 9, 2025 |
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Indian Prime Minister Narendra Modi highlighted the need for a reliable supply of critical minerals at the BRICS gathering in Rio de Janeiro over the weekend. “It’s important to ensure that no country uses these resources for its own selfish gain or as a weapon against others,” Modi said at the event.
The South Asian nation aims to support three to four large companies in the production of about 4,000 tons of neodymium and praseodymium-based magnets using locally-mined raw materials over a period of seven years, according to the people and a policy proposal seen by Bloomberg News.
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