Latest Rare Earth Permanent Magnet News & Updates

New Delhi, March 20 (IANS) The Ministry of Heavy Industries has issued a Request for Proposal (RFP) to select beneficiaries to set up integrated sintered NdFeB Rare Earth Permanent Magnet (REPM) manufacturing facilities under the Rs 7,280-crore scheme, it was announced on Friday.The manufacturing facilities will have a total capacity of 6,000 Metric Tonnes Per Annum (MTPA) under the Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnet, according to the statement.The scheme, ap…

New Delhi, Jan 29 (IANS) The government on Thursday said India is not reliant on China for accessing rare earth minerals present in Beach Sand Minerals (BSM) which is the principal ore of Rare Earths (RE) in India. Union Minister Dr Jitendra Singh said in a written reply in Rajya Sabha that in BSM ore, the prescribed substance monazite occurs, which is a phosphate mineral of Rare Earth Element containing Uranium and Thorium.IREL (India) Limited (IREL), a PSU under Department of Atomic Energy pro…