Rare-earth magnets are essential for electric motors in vehicles, drones, and trains, forming the backbone of modern, ...

India has a $800m plan to make rare earth magnets, aiming to reduce dependence on Chinese imports - but can it work?

In November 2025, India approved a 73bn-rupee ($800m; £600m) plan that could help it to cut its dependence on China in one of the most strategic corners of the global supply chain: rare earth magnets.