India Reports 8.52 Mt Rare Earth Reserves, Launches Rs 7280 Crore Magnet Scheme

India holds 8.52 million tonnes of rare earth oxide resources across coastal and inland states.
Cabinet approved Rs 7280 crore scheme to establish 6000 MTPA sintered rare earth magnet manufacturing capacity.
Indian rare earth resources are lean grade (0.056-0.058%) and tied to radioactivity, complicating extraction.
DAE operates a 3-ton annual SmCo magnet plant in Vizag for strategic defense and atomic sectors.