Sintered NdFeB Permanent Magnet Manufacturing
The downstream bottleneck of the rare-earth value chain. Globally 94% of sintered NdFeB magnets are produced in China (IEA, 2024).
Relationships
- Depends onRare-Earth Separation and Refining (Solvent Extraction)— Sintered NdFeB magnets require high-purity Nd oxide, Pr oxide and (for high-coercivity grades) Dy/Tb feedstock.
- DevelopsHindustan Zinc Limited (HZL)— HZL plans to enter rare-earth magnet manufacturing as part of ₹40,000-50,000 crore capex; ₹17,000 crore approved for Pha
- Manufactures / ProducesMidwest Advanced Materials— 500 tpa NdFeB magnet plant in Hyderabad; targeting 5,000 tpa within 24-36 months.