India targets rare‑earth permanent magnet production by year‑end, minister G. Kishan ​Reddy says

India plans to start domestic production of rare earth permanent magnets by the end of 2026 in partnership with private firms, aiming to reduce reliance on imports, mining minister Kishan Reddy said. The government approved a ₹73 billion ($802 million) program in November and plans four mineral-processing plants across different states.