Indian miner IREL seeks Japan, South Korea partnerships for rare earth magnet production

Indian miner IREL seeks Japan, South Korea partnerships for rare earth magnet production

India's state-owned miner IREL is seeking to collaborate with Japanese and South Korean companies to start commercial production of rare earth magnets, a source familiar with the matter said, as part of efforts to reduce reliance on China.

IREL eyes Japan, South Korea partnerships for rare earth magnet production to cut China reliance

The state-run miner intends to advance discussions with other countries on rare earth mining and technology collaborations, and will approach its board later this year for approval to begin magnet production. IREL and the Department of Atomic Energy, which supervises the company, did not respond to requests for comment.

India's IREL seeks Japanese, South Korean alliances to reduce China reliance on rare earths

In a strategic move to reduce reliance on China, state-owned Indian miner IREL is reportedly seeking partnerships with Japanese and South Korean companies for the commercial production of rare earth magnets.

Primus Partners Report highlights Localizing Rare Earth Magnet Production to Secure India’s EV Future

The report proposes a Five-pillar strategy to localise rare earth magnet production and reduce dependence on China  India’s push toward clean mobility, green energy, and advanced manufacturing is facing a hidden vulnerability: its near-total reliance on imported rare-earth magnets. A new report by Primus Partners, From Extraction to Innovation: A Blueprint for Enhancing Rare Earth Magnet Ecosystem in India’s EV Roadmap, outlines a national strat…