India Accelerates Rare Earth and Lithium Exploration; Domestic Production Capacity of Rare Earth Permanent Magnet to Reach 5,000 Tonnes by 2030: Dr. Jitendra Singh in Lok Sabha

India, March 25 -- The Government of India has issued a release:

India has intensified efforts to scale up domestic production of rare earth permanent magnets and accelerate exploration of critical minerals such as lithium, with production capacity targeted to reach 5,000 tonnes by 2030, Union Minister of State (Independent Charge) for Science & Technology, Earth Sciences, and MoS PMO, Dr. Jitendra Singh said in the Lok Sabha today.

Replying to a series of questions during the Question Hour in the ongoing Budget Session, the Minister said that the country's current requirement of rare earth permanent magnets is about 4,000 tonnes, which is projected to rise to nearly 8,000 tonnes by 2030, highlighting the need for rapid expansion of domes...