India's EV and Defense Leap: Lohum Launches Rare Earth Magnet Recycling, Ends China Dependence
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News18•27-02-2026, 01:29
India's EV and Defense Leap: Lohum Launches Rare Earth Magnet Recycling, Ends China Dependence
•Lohum introduces domestic rare earth magnet recycling, reducing India's reliance on China for critical sectors like EVs and defense.
•China's supply restrictions on rare earth materials have impacted global supply chains, making Lohum's initiative crucial for India's self-reliance.
•Lohum recovers and recycles rare earth magnets from EV motors, wind turbines, and electronic scrap using advanced technology.
•This move aligns with India's Union Budget and government policies promoting critical minerals, clean mobility, and domestic manufacturing.
•The initiative aims to create a sustainable, low-carbon supply chain, reduce import dependence, and support 'Make in India' and 'Atmanirbhar Bharat' goals.
