Overview

• A final decision on the subsidy scheme is expected within 15–20 days following consultations that have proposed incentives between 20% and 50%.
• A Hyderabad-based company has committed to delivering 500 tonnes of rare earth magnets by December under early production agreements.
• Indian Rare Earths currently processes 400 tonnes of NdPr oxide annually with plans to double output, potentially enabling 2,400 tonnes of magnet production.
• India lacks sufficient heavier rare earth elements and recycles just 1% of its rare earth materials, keeping it dependent on imports.
• The government is pursuing rare earth supply deals with Japan and Vietnam to diversify away from Chinese exports.