Greeeaaaaaat news. Magnets after metglass. Give me more.
Said so :)
AP: IND joins the elite list of REPM mfg. APSIPC oked 🇯🇵 Proterial’s ₹2,250 cr facility at Achutapuram to produce 1,200 MTPA of sintered NdFeB magnets; likely NEOMAX®—gold standard. Output earmarked for IND🤞, major win for EV/wind OEMs. Notable non-China REE supply chain in making.
A historic step to kickstart IND's PM production, but not a ToT. It’s imperative that indi REPM process-tech pilots succeed; otherwise, can easily become the biggest foreign-operated critical dependencies.