Prelims: Current events of national and international importance | Science & Technology
Why in News?
Recently, the Union Mines Minister announced that India will begin rare-earth magnet production in 2026 and set up critical mineral parks in four states.
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Types |
Characteristics |
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Neodymium Magnets (Nd-Fe-B) |
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Samarium–Cobalt Magnets (Sm-Co) |
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Praseodymium Magnets |
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Dysprosium Magnets (Dy-based) |
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Holmium Magnets (Ho-based) |
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Manufacturing Process of REPMs
The critical mineral processing parks will be set up in Odisha, Andhra Pradesh, Maharashtra and Gujarat.
Quick Fact
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Scheme to Promote Manufacturing of Rare Earth Permanent Magnets (REPMs) |
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References