“The journey of a thousand miles begins with a single step” – Lao Tzu.
Yes, it is indeed heartening that India has become serious about REE and semiconductors. And my intention is certainly not to dissuade investors keen on the REE opportunity. But simply to discuss the realities. While India has set aside a significant sum for the development of this sector, it may be several years before we can see meaningful production esp. at the industrial level. Also, with inherently low supplies of certain key raw materials like dysprosium and terbium, India may very well still have to be dependent on China for raw materials. If and when we are finally able to manufacture RE magnets, the issue of cheap Chinese imports will have to be dealt with, similar to solar glass.
Investors will need to have patience and track this space closely.
Coal India is scouting for Rare Earth partnerships in Australia, Russia, Argentina, Chile, and Africa. The expansion will be fueled by the proceeds of the BCCL IPO, I think.
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@karanshah137
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