India plans to source rare earths from Siberia

Indian mining company IREL is seeking samples of rare earth elements from the Tometur mine in Siberia, which was acquired by the Russian company Rosneft last year, to study the deposit's composition before considering supply operations. This move is part of India's efforts to secure essential mineral supplies for the magnet and electrical device industries and to reduce dependence on China amid strained relations between the two countries. India plans to begin producing rare earth magnets between 2029 and 2030.

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