Japan company to set up rare earths magnet unit in Andhra Pradesh

Japan’s Proterial will invest ₹2,250 crore to establish a rare earth permanent magnet manufacturing facility in Andhra Pradesh. This facility, producing 1.2 ktpa of NdFeB magnets, is crucial for India’s local rare earth value chain and reducing reliance on China.
http://dlvr.it/TT57QX