India plans rare earth magnet incentives as supply threat mounts
- Posted on June 5, 2025
- By Business News Today
- 2 Views
India plans rare earth magnet incentives as supply threat mounts
India is negotiating with companies to build long-term stockpiles of rare earth magnets by offering fiscal incentives to boost domestic production, aiming to reduce dependence on China, which controls 90% of magnet processing and recently restricted exports.
