India Is Set to Triple Rare Earth Magnets Plan to $788 Million
PositiveFinancial Markets

India is making a significant move to boost its rare earth magnet manufacturing by nearly tripling its incentive program to over $788 million. This initiative is crucial as it aims to reduce dependence on China, which currently dominates the sector. By investing in domestic capacity, India is not only enhancing its manufacturing capabilities but also securing its supply chain for critical technologies.
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