Proterial to Invest $225M in Rare Earth Magnet Plant in Andhra Pradesh, India

Published: Jul 2, 2026 19:03

Save

Japanese company Proterial will invest 22.5 billion rupees to build a rare earth permanent magnet manufacturing plant in Andhra Pradesh. The project, located in Achyutapuram, Anakapalli district, will have an annual production capacity of 1,200 mt of sintered NdFeB permanent magnets upon completion. Proterial (formerly Hitachi Metals) is one of the world's leading suppliers of advanced magnetic materials, with consolidated revenue reaching 450 billion rupees last year.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Common.Time.minsAgo

NeoTerra Breaks Through in Mozambique Rare Earths Project, Enriching Gallium and Producing Multiple Commodities

[SMM Rare Earth Flash] London-listed critical minerals company NeoTerra Group announced that its Monte Muambe project in Mozambique has made a breakthrough in metallurgical testing, confirming a multi-commodity process route capable of simultaneous production of acid-grade fluorite, separated heavy rare earths, and gallium-containing material. In two-stage flotation tests, gallium was enriched approximately 100% in the first-stage tailings. The project holds a 25-year mining license, and JORC resources include 13.6 million mt (TREO grade 2.42%), 3.48 million mt (CaF₂ grade 20.6%), and 11.73 million mt (Ga₂O₃ grade 54.7 g/mt).

Common.Time.minsAgo

[SMM Rare Earth Morning Meeting Summary] Pr-Nd prices continue to rise, and the tightening supply of terbium and holmium drives medium-heavy rare earths to strengthen

[Pr-Nd prices continued to rise, and terbium and holmium supply tightening drove medium-heavy rare earth to strengthen] Yesterday, scrap market prices continued to rise. Affected by the continuous increase in oxide offer prices, recycling enterprises raised their external procurement quotes accordingly. However, suppliers were rather wait-and-see about selling, and recycling enterprises maintained just-in-time procurement, resulting in limited actual transactions.

Common.Time.minsAgo

1 hour ago

REalloys and JS Link Explore Partnership for Rare Earth Magnet Manufacturing in North America

REalloys has signed a letter of intent with a leading developer and manufacturer of advanced permanent magnets, JS Link, to evaluate a strategic partnership to develop an integrated North American rare earth magnet manufacturing platform.

1 hour ago