India's First Domestic Rare Earth Metal Plant Commissioned

Published: Nov 5, 2025 09:23

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[SMM Flash News: India's First Rare Earth Metal Plant Completed] Recently, Pune-based Ashwini Magnets announced the official commissioning of India's first domestic rare earth metal plant. The plant has a monthly capacity of 15 mt and can produce both light and heavy rare earth metals. Built over five years with 17 million rupees in funding from the Ministry of Mines and based on technology from the Bhabha Atomic Research Centre, the plant produces neodymium-praseodymium (NdPr) metal, which can meet 20% - 25% of India's demand for NdPr alloy. As a core raw material for manufacturing NdFeB rare earth magnets, NdPr alloy is widely used in EV motors, MRI equipment, and various other fields.

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