India's Strategy to Counter China's Rare Earth Dominance: From Mines to Magnets Explained
Loading more articles...
India's Strategic Move: Countering China's Rare Earth Monopoly with Domestic Power
M
Moneycontrol•03-03-2026, 18:28
India's Strategic Move: Countering China's Rare Earth Monopoly with Domestic Power
•India launches major policy efforts, including a Rs 7,280 crore scheme for Rare Earth Permanent Magnet manufacturing, aiming for 6,000 metric tonnes/year capacity.
•Dedicated Rare Earth Corridors announced in Odisha, Kerala, Andhra Pradesh, and Tamil Nadu to connect mining, processing, and manufacturing.
•The initiative seeks to build domestic industrial depth and reduce reliance on China, which currently dominates global rare earth supply chains.
•China's tightening control over critical minerals like Yttrium, Scandium, and Samarium highlights the urgency for India's self-reliance.
•Rare earth minerals are vital for India's defense systems (BrahMos, Akash, Tejas) and high-tech industries, requiring sustained investment and partnerships.
