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Pune firm cracks rare earth code, but magnet gap stays

November 01, 2025

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Mint Mumbai

Aluminium Research Development and Design Centre, which monitors the funded companies.

Yet, even as Ashvini's achievement — showcases Indian scientificand engineering capability, it falls short of fixing a much larger bottleneck: the domestic shortage of rare earth magnets.

India’smagnet ecosystem is still heavily dependent on imports. There are two types of magnets—bonded and sin-tered. Ashvini, a two-decade veteran in making bonded magnets, produces those used in sensors and small motors. The high-powered sintered magnets, vital for EV motors and wind turbines, remain largely unavailable in India.

المزيد من القصص من Mint Mumbai

Mint Mumbai

Ambuja's volume-to-value shift may take time to pay off

Ambuja expects to meet its interim capacity addition target of 117 million tonnes per annum (mtpa) over the next three to four months. However, further expansion toward the 155 mtpa will be pursued only after utilization improves to 80-85%.

time to read

1 mins

March 13, 2026

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The strange and fun world of wristwatch nicknames

Do you know your 'Pepsi' from 'Arnie'? Your 'Batman' from 'Turtle'? Enter the world of watch nicknames

time to read

3 mins

March 13, 2026

Mint Mumbai

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War-struck rupee: Time for crisis management?

India needs a judicious mix of administrative and central bank action to deal with the Iran war’ fallout on its currency. We must explore all options—tighter forex controls included

time to read

2 mins

March 13, 2026

Mint Mumbai

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Flavours of art and tiramisu

A Mint guide to what's happening in and around your city

time to read

1 min

March 13, 2026

Mint Mumbai

Corporate bond market sees a March chill

Initial estimates based on unlisted stock price suggest sale could raise $1.5-2.5 bn

time to read

2 mins

March 13, 2026

Mint Mumbai

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Govt looks at stricter security testing for telecom equipment

India is set to tighten security testing rules for equipment like Wi-Fi routers, broadband devices and fibre network gear as it seeks to make telecom equipment safer for use in the country’s internet networks, government officials and industry executives aware of the matter said.

time to read

2 mins

March 13, 2026

Mint Mumbai

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IRAN WAR: HOW LONG WILL THE PAIN LINGER?

The echoes of this conflict will haunt the Indian and global economies long after the final missile is fired

time to read

8 mins

March 13, 2026

Mint Mumbai

Warsh might be in for a rude awakening at the US Fed

India needs a judicious mix of administrative and central bank action to deal with the Iran war's fallout on its currency. We must explore all options—tighter forex controls included

time to read

4 mins

March 13, 2026

Mint Mumbai

Hollywood remains a tough arena for most Indian actors

Luxury demand diverges as ultra-rich keep spending while aspirational buyers turn cautious

time to read

2 mins

March 13, 2026

Mint Mumbai

Why we mustn't misread Adam Smith's Invisible Hand

In 1776, the year 13 American colonies declared independence from Britain, Adam Smith published his magnum opus An Inquiry into the Nature and Causes of the Wealth of Nations; 9 March marked the 250th anniversary of its publication.

time to read

3 mins

March 13, 2026

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