Rare Earth Metals

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India scrambles to find own source of rare earths

India scrambles to find own source of rare earths

 

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Japan to import rare earth from India - Nikkei | Reuters

 

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India to Develop Rare Earth Magnet Indigenously in Orissa Plant


CHENNAI: In a bid to manufacture Rare Earth Magnet indigenously, Bhaba Atomic Research Centre would be providing its technical expertise in helping Indian Rare Earth Limited set up a plant for production.

The plant is being set up at a time when India is facing challenges to import the rare earth magnet for its defence, space as well nuclear sector as it is not a signatory to non proliferation treaty.

Indian Rare Earth Limited Chairman and Managing Director R N Patra told Express that the Rs 70 crore plant will be set up at Gopalpur in Orissa.

“The plant is being built to make India self-reliant in the Rare Earth Magnet production and three departments are working together,” said Patra.

These include Indian Rare Earth Limited, Defence Metallurgical Research Laboratory, Hyderabad and Bhaba Atomic Research Centre.

Patra said that IREL would produce rare earth in oxide form and Bhaba Atomic Research Centre would convert it into alloy while DMRL would help convert it into a magnet.

This magnets such as samarium cobalt is used in atomic energy, space and defence industries for a variety of strategic and non-strategic applications. “In space applications, it could be used as gyroscope motors, as well as for propulsion system,” said Patra.

“Since we are not a signatory of NPT, we could not import it easily. For every import, India has to sign end-user agreement” said Patra, adding that with the setting up of the plant India would now be self-reliant in this technology.
http://www.newindianexpress.com/cities/chennai/India-to-Develop-Rare-Earth-Magnet-Indigenously

 

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OPINION: Here's how India can end Chinese dominance in rare earths | Business Insider India

Rare earth elements contribute a total value of nearly $200 billion to the Indian economy. China today controls nearly 90% of global rare earth production.

www.businessinsider.in

Here's how India can end Chinese dominance in rare earths


China today controls nearly 90% of global rare earth production, posing a vulnerability to manufacturing industries, which the rest of the world is moving to redress. New REE investments and partnerships between China’s geopolitical and geoeconomic rivals, such as Australia and the US, are being announced practically every week.

These developments offer India a precious opportunity. India has the world’s fifth-largest reserves of rare earth elements, nearly twice as much as Australia, but it imports most of its rare earth needs in finished form from its geopolitical rival, China. With adjustments to the existing policy, India could emerge as a rare earths supplier to the world and use these resources to power a high-end manufacturing economy geared to the needs of the 21 st century. Here’s how.

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