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Ministry of Heavy Industries
DISRUPTION IN THE SUPPLY OF RARE EARTH MAGNETS
Posted On:
01 AUG 2025 4:59PM by PIB Delhi
India’s imports of Rare Earth Magnet (REM) from China vis-à-vis world, value-wise and Quantity-wise are given in Annexure-I and Annexure-II respectively.
As per inputs provided by Society of Indian Automobile Manufacturers (SIAM), the leading industry bodies SIAM and Automotive Component Manufacturers Association (ACMA) have provided detailed inputs on short term and long term impact on the industry.
The National Critical Mineral Mission has been set up, following the approval by the Union Cabinet on 29.01.2025. The Mission comprises key interventions for increasing domestic capacity and building supply chain resilience in critical minerals which include Rare Earths Elements (REE).
Additionally, Ministry of Mines is providing funding for R&D projects related REE to various Institutions/Laboratories/Start-ups/ MSMEs. A total of 11 REE-related projects were approved during 2023–24 and 2024–25 with a combined outlay of ₹9.33 crore.
ANNEXURE-I
(Value in USD Mn)
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S.N.
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HS Code
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Description
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India’s Import from China
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India’s Import from World
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Import Dependency on China
|
|
2022-23
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2023-24
|
2024-25
|
2022-23
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2023-24
|
2024-25
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2022-23
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2023-24
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2024-25
|
|
1
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85051900
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PERMANENT MAGNETS AND ARTICLES INTENDED TO BECOME PERMANENT MAGNETS AFTER MAGNETISATION; OF OTHER MATERIAL
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44.13
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44.14
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50.42
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69.73
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70.11
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84.65
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63.3%
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63.0%
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59.6%
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|
2
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85051190
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OTHER: PERMANENT MAGNETS AND ARTICLES INTENDED TO BECOME PERMANENT MAGNETS AFTER MAGNETISATION; OF METAL
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88.42
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90.8
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110.68
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124.73
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124.77
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136.14
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70.9%
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72.8%
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81.3%
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|
3
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85059000
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ELECTRO MAGNETIC LIFTING HEADS
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25.96
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26.26
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28.04
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80.62
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79.73
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88.67
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32.2%
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32.9%
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31.6%
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(Source : DGCIS)
ANNEXURE-II
(Quantity in Kgs)
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S.No.
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HS Code
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Description
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India’s Import from China
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India’s Import from World
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Import Dependency on China
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|
2022-23
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2023-24
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2024-25
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2022-23
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2023-24
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2024-25
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2022-23
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2023-24
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2024-25
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|
1
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85051900
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PERMANENT MAGNETS AND ARTICLES INTENDED TO BECOME PERMANENT MAGNETS AFTER MAGNETISATION; OF OTHER MATERIAL
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1,62,36,407
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2,12,59,867
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2,18,97,325
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1,96,41,188
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2,42,26,205
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2,58,25,835
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82.7%
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87.8%
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84.8%
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|
2
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85051190
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OTHER: PERMANENT MAGNETS AND ARTICLES INTENDED TO BECOME PERMANENT MAGNETS AFTER MAGNETISATION; OF METAL
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1,12,29,183
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1,70,17,844
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1,76,85,296
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1,36,53,244
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1,91,65,153
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1,95,72,941
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82.2%
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88.8%
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90.4%
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3
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85059000
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ELECTRO MAGNETIC LIFTING HEADS
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35,68,626
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40,26,497
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40,27,951
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54,23,818
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60,21,502
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63,70,616
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65.8%
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66.9%
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63.2%
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(Source : DGCIS)
This information was given by the Minister of State for Heavy Industries and Steel, Shri Bhupathiraju Srinivasa Varma in a written reply in the Rajya Sabha.
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TPJ/NJ
(Release ID: 2151394)
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