IREL Pursues Japan and South Korea for Rare Earth Magnet Production

#Indian miner #IREL seeks #Japan, #SouthKorea partnerships for #RareEarth #Magnet production

Posted on August 15, 2025 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

A digital illustration featuring a large red magnet amidst rocky terrain, with flags of India, South Korea, and Japan in the background, symbolizing collaboration in rare earth magnet production.

NEW DELHI, Aug 14 (Reuters) – India’s state-owned miner IREL is seeking to collaborate with Japanese and South Korean companies to start commercial production of rare earth magnets, a source familiar with the matter said, as part of efforts to reduce reliance on China.

The company is looking at both Japan and South Korea for rare earth processing technology, potentially through government-to-government channels, the source said.