Lucknow, May 12 -- In a major push to reduce Indias dependence on China for critical raw materials, the countrys first rare earth permanent magnet manufacturing plant will be set up in Greater Noida.
Indias First Domestic Rare Earth Magnet Plant
LOHUM, Indias largest producer of sustainable critical minerals & advanced materials, will establish the pilot facility at its factory in Site 5, Greater Noida.
It marks a significant step toward domestic production of rare earth magnets used in products ranging from televisions, mobile phones, watches and electric vehicles to wind turbines and defence equipment.
Currently, India neither manufactures rare earth permanent magnets domestically nor recovers them through recycling, resultin...