India gets BIG lead on super magnets, signs deals with eight countries to…; bad news for China due to…

India rare earth magnets: In a well-known pass that can deal a severe blow to China’s monopoly over rare earth parts (REEs), India is in talks with loads of international locations who have ample reserves of rare earth minerals. The attain comes after China restricted the export of  rare earth magnets to India following Operation Sindoor, citing “nationwide security” considerations.

Which international locations has India signed agreements with?

In a written retort all the scheme throughout the continuing monsoon session of the Parliament, Union Minister Jitendra Singh suggested the Dwelling that India has already agreements to web neatly-organized magnets aka rare earth magnets and completely different rare earth minerals from no longer no longer up to eight international locations and talks are underway with Brazil and Dominican Republic.

‘To imprint bilateral cooperation with international locations rich in mineral resources, the Ministry of Mines has signed agreements with the governments of many international locations. These international locations embody Australia, Argentina, Zambia, Peru, Zimbabwe, Mozambique, Malawi, Cote d’Ivoire (Ivory Soar) and organizations adore the World Energy Agency (IEA),” Singh published.

Jitendra Singh, who's the Minister of Issue (Independent Mark) of the Department of Atomic Energy, extra talked about that the Ministry of Mines has also initiated the course of of entering into Authorities-to-Authorities (G2G) MoUs with Brazil and Dominican Republic to imprint cooperation within the sphere of rare earth minerals and severe minerals.

“The predominant goal of these agreements is to assemble a developed framework for compare, kind and enhancements within the mining sector, with a completely different focal level on rare earth parts (REE) and severe minerals,” he added.

How India is working to imprint new provide chain of rare minerals?

Constant with the minister, the Indian authorities is working pork up the provide chain of severe minerals with initiatives adore Mineral Security Partnership, Indo-Pacific Financial Framework (IPEF), India-UK Technology and Security Initiative (TSI), Quad and Extreme and Rising Technologies (iCET).

Does India have rare mineral reserves?

As per official recordsdata, India has spherical 7.23 million tonnes of rare earth ingredient oxides and 13.15 million tonnes of monazite– an necessary supply of thorium feeble in generating nuclear vitality. Monazite reserves were computer screen in coastal areas, purple sand and alluvial soil areas of Andhra Pradesh, Odisha, Tamil Nadu, Kerala, West Bengal, Jharkhand, Gujarat and Maharashtra.

Singh talked about that about 1.29 million tonnes of rare earth minerals were computer screen in parts of Gujarat and Rajasthan, adding that the Geological Gaze of India (GSI) has came across a whopping 482.6 million tonnes of resources of rare earth ingredient (REE) ore at a huge selection of within the low cost of-off grades in 34 exploration initiatives.

Why India wants rare earth magnets?

Gargantuan magnets or rare earth magnets are feeble within the manufacturing of ll forms of evolved instruments ranging from electric autos (EV) to military drones and radar methods. Constant with industry estimates, India expects to import 700 tonnes of magnets value $30 million this year, a well-known chunk of which comes from China.

As per customs recordsdata, Chinese exports of everlasting magnets  fell 51% to 2,626 tonnes in April after the export ban came into power, while India imported 460 tonnes of rare earth magnets, most of which came from China, within the monetary year that ended on March 31, 2025.

Constant with official estimates, China controls bigger than 90% manufacturing of rare earth magnets, but imposed restrictions on their export in April in accordance with the tariffs imposed by US President Donald Trump.