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Time of India
18-07-2025
- Business
- Time of India
BatX Energies, Germany's Rocklink tie up to build rare earth magnet recycling ecosystem
BatX Energies has signed a Memorandum of Understanding (MoU) with German firm Rocklink GmbH to establish India's first integrated ecosystem for rare earth magnet recycling and refining. The initiative aims to combine BatX's operational presence with Rocklink 's technical expertise in critical materials recovery. The partnership is part of broader collaboration under the EU–India Trade and Technology Council (TTC), which promotes cooperation in sustainable technology , critical minerals and industrial resilience. Both companies have already initiated India's first lithium-ion battery and permanent magnet recycling cluster in Sikandrabad, Uttar Pradesh. End-of-Life Magnet Recovery and Domestic Refining The joint effort will introduce Rocklink's proprietary Magcycle reverse logistics system to India, enabling the traceable collection of end-of-life permanent magnets—including NdFeB, SmCo, and AlNiCo—from motors, electronics, and industrial waste streams. The project will culminate in the commissioning of India's first rare earth magnet refining facility, built to zero-liquid-discharge (ZLD) and export-compliance standards. Both companies plan to jointly file patents for the developed technologies in India and the European Union. 'This partnership marks a defining moment in India's journey toward rare earth self-reliance. We're proud to lead this initiative alongside Rocklink and to carry forward the vision outlined in the EU TTC for building circular and transparent critical mineral value chains between India and Europe," said Utkarsh Singh, CEO, BatX Energies. The pilot facility is scheduled to begin operations within 12 months, with a commercial-scale plant expected within the next 24 months. 'Rocklink is committed to establishing vertically integrated long-loop recycling solutions to support government efforts to establish a functional rare earth magnet supply chain in India. Our alliance with BatX brings together our materials and refining expertise with BatX's innovative and practical approaches to deliver tangible results in short development cycles," said Leonard Ansorge, Director, Rocklink GmbH.
Mint
18-07-2025
- Business
- Mint
Why did GMDC share price rally 14% despite weakness in the Indian stock market? Explained
Shares of Gujarat Mineral Development Corporation (GMDC), which is engaged in mining and the extraction of various minerals and metals, surged 14.3% in Friday's intraday session to hit a fresh 52-week high of ₹ 433 apiece. The rally followed reports indicating that the Prime Minister's Office (PMO) is likely to hold a key meeting today to address the intensifying rare-earth magnet crisis. India has been exploring various options over the past few months, including sourcing rare-earth minerals locally, in a bid to reduce its dependence on China—which has imposed restrictions on these critical materials used in automobiles, defence, semiconductors, and other industrial products. New Delhi is reportedly in talks with various domestic companies to establish long-term stockpiles of rare-earth magnets and is also considering offering production-linked incentives (PLI) to support domestic manufacturing. In April, China imposed restrictions on the export of seven key rare earth elements: samarium, gadolinium, terbium, dysprosium, lutetium, scandium, and yttrium. These elements are essential in producing magnets like neodymium iron boron (NdFeB) and samarium-cobalt (SmCo), which are used in various applications, including EVs. The resulting global ripple effects have already hit automakers, defense contractors, and wind-turbine manufacturers, underlining the delicate balance in electronics and clean-energy supply chains. Mr. Harshal Dasani, Business Head at INVasset PMS, said that GMDC is stepping into a pivotal role. 'The company is developing a vertically integrated rare-earth hub, encompassing open-pit mining at Ambadungar, beneficiation, and a downstream separation and oxide plant at Bharuch,' he said. Harshal added that the company's initial focus will be on light rare-earth elements—neodymium, praseodymium, lanthanum, and cerium— 'that together form the backbone of NdFeB permanent magnets, essential for EVs and wind turbines.' GMDC plans to ramp up production to approximately 12,000 tonnes per annum of rare-earth oxides by FY28. 'This capacity, if realised, would significantly reduce India's reliance on imports and align with the government's upcoming incentive scheme for domestic magnet production, ultimately bolstering a more resilient and sovereign critical-mineral ecosystem,' he noted. He also pointed out the urgency of such initiatives given China's dominance in the sector. 'Today, China controls roughly 70% of the world's rare-earth mining and nearly 90% of processing capacity. GMDC is India's second-largest Lignite-producing company and top merchant seller of Lignite. It is a State Public Undertaking of the Government of Gujarat. The company is engaged in mining lignite from deposit-rich areas across the state, company markets it to various high-growth industries, including textiles, chemicals, ceramics, bricks and captive power. Its shares have been on an upward run since February, gaining 78%, bringing them close to their all-time high of ₹ 505, which was recorded in February 2024. Looking at the long-term performance, the stock has gained 210% over the last three years and 900% over the last five years. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
News18
18-06-2025
- Automotive
- News18
India's Car Industry Dodges China's Rare Earth Curbs, EVs To Feel The Heat The Most
Last Updated: Over 95% of vehicles in India run on internal combustion engines (ICE), which use very little rare earth material. India's auto sector is least impacted by the recent curb of rare earth magnets by China as over 95 per cent of vehicles in India's are internal combustion engine (IC) vehicles noted a report by Nuvama. Electric vehicles (EVs), along with hybrid passenger vehicles and electric two-wheelers, are likely to face the most impact from restrictions on rare earth materials (REMs). The report explained that while REMs are used in a wide range of industries, the biggest effect of the restrictions will be felt in the EV sector, particularly in EV motors. It stated 'The greatest impact of the above restriction in descending order will be electric PVs, hybrid PVs, and electric 2W. Conventional ICE vehicles will be least impacted". In India, EV adoption is still at an early stage, with penetration at just 7 per cent for two-wheelers and 3 per cent for passenger vehicles. Although EV sales have grown at a strong compound annual growth rate (CAGR) of 25 per cent between FY23 and FY25, the growth is on a low base. Therefore, even if sales decline, the overall effect on the Indian auto sector is expected to be limited. Most electric vehicles use Permanent Magnet Synchronous Motors (PMSMs), which rely on REMs to maintain a stable magnetic field, especially at high temperatures. The use of PMSMs is far higher in EVs compared to hybrid or ICE vehicles. As per the report, the average REM usage per vehicle is around 0.8 kg for electric vehicles, 0.5 kg for hybrid vehicles, and just 0.1 kg for ICE vehicles. Hence, the impact of the restrictions will be the highest on electric passenger vehicles, followed by hybrid passenger vehicles, and then electric two-wheelers. Conventional ICE vehicles will see minimal impact. In April, China imposed restrictions on the export of seven key rare earth elements: samarium, gadolinium, terbium, dysprosium, lutetium, scandium, and yttrium. These elements are essential in producing magnets like neodymium iron boron (NdFeB) and samarium-cobalt (SmCo), which are used in various applications including EVs. China currently controls over 90 per cent of global processing of rare earth elements, giving it significant control over the global REM supply chain. Though the restrictions are mainly aimed at the defence sector, the ripple effects will be seen across the auto, industrial, and aerospace industries. Auto manufacturers will now need to get end-user certification from the Chinese government to continue sourcing these materials. The process is expected to take around 45 days. First Published: June 17, 2025, 16:05 IST
Time of India
17-06-2025
- Automotive
- Time of India
ICE-dominant India auto sector likely to be immune from China's rare earth export curbs: Nuvama
India, which has over 95 per cent of internal combustion engine (ICE)-driven vehicles, is expected to remain relatively unaffected by China's recent export restrictions on rare earth magnets (REMs), Nuvama said in a report. This is since REMs are especially used in permanent magnet synchronous motors or PMSMs, which are crucial for electric vehicles (EVs), due to the ability of these elements to maintain stable magnetic fields at high temperatures, the brokerage firm said in a research note. EVs, hybrid passenger vehicles, and electric two-wheelers are expected to bear the brunt of the above-mentioned export restrictions due to their usage of REM, the brokerage said, as reported by news agency ANI . As per the report, average REM usage per vehicle in EVs is 0.8 kg, followed by hybrids (0.5 kg) and ICE vehicles (0.1 kg). EV Adoption Still Nascent in India Despite a 25 per cent CAGR in EV sales from FY23 to FY25, the EV segment in India still operates from a low base. Current market penetration stands at 7 per cent for two-wheelers and 3 per cent for passenger vehicles, limiting the overall exposure of the domestic industry to rare earth risks, added the report. Notably, in April 2025, China placed export restrictions on seven rare earth elements, including samarium, gadolinium, terbium, dysprosium, lutetium, scandium, and yttrium—vital for producing magnets used in EVs and other sectors. These materials are integral to neodymium iron boron (NdFeB) and samarium-cobalt (SmCo) magnets. Though the curbs primarily target the defence sector, their ripple effects are expected to be seen across other industries, including automotive, industrial, and aerospace. To continue sourcing these REMs, auto manufacturers must now obtain end-user certification from Chinese authorities—a process estimated to take around 45 days, potentially delaying production and supply chains, particularly for EV makers. While India's current ICE-heavy auto landscape offers a cushion against immediate disruption, the report underscores the vulnerability of the EV ecosystem to global supply chain shocks. As EV adoption rises, localised sourcing and motor technology diversification may become critical strategic imperatives.
Hindustan Times
17-06-2025
- Automotive
- Hindustan Times
India's auto sector least impacted by rare earth curbs; EVs, hybrids hit hardest: Report
While rare earth magnets are utilised by a wide range of industries, the biggest effect of the restrictions will be felt in the EV sector. (Bloomberg) Notify me India's auto sector is least impacted by the recent curb of rare earth magnets by China as over 95 per cent of vehicles in India's are internal combustion engine (IC) vehicles noted a report by Nuvama. Electric vehicles (EVs), along with hybrid passenger vehicles and electric two-wheelers, are likely to face the most impact from restrictions on rare earth materials (REMs). The report explained that while REMs are used in a wide range of industries, the biggest effect of the restrictions will be felt in the EV sector, particularly in EV motors. It stated "The greatest impact of the above restriction in descending order will be electric PVs, hybrid PVs, and electric 2W. Conventional ICE vehicles will be least impacted". In India, EV adoption is still at an early stage, with penetration at just 7 per cent for two-wheelers and 3 per cent for passenger vehicles. Although EV sales have grown at a strong compound annual growth rate (CAGR) of 25 per cent between FY23 and FY25, the growth is on a low base. Therefore, even if sales decline, the overall effect on the Indian auto sector is expected to be limited. Also Read : UP Govt to set up ₹ 700 crore EV park in Kanpur with R&D and logistics connectivity Most electric vehicles use Permanent Magnet Synchronous Motors (PMSMs), which rely on REMs to maintain a stable magnetic field, especially at high temperatures. The use of PMSMs is far higher in EVs compared to hybrid or ICE vehicles. As per the report, the average REM usage per vehicle is around 0.8 kg for electric vehicles, 0.5 kg for hybrid vehicles, and just 0.1 kg for ICE vehicles. Hence, the impact of the restrictions will be the highest on electric passenger vehicles, followed by hybrid passenger vehicles, and then electric two-wheelers. Conventional ICE vehicles will see minimal impact. In April, China imposed restrictions on the export of seven key rare earth elements: samarium, gadolinium, terbium, dysprosium, lutetium, scandium, and yttrium. These elements are essential in producing magnets like neodymium iron boron (NdFeB) and samarium-cobalt (SmCo), which are used in various applications including EVs. China currently controls over 90 per cent of global processing of rare earth elements, giving it significant control over the global REM supply chain. Though the restrictions are mainly aimed at the defence sector, the ripple effects will be seen across the auto, industrial, and aerospace industries. Auto manufacturers will now need to get end-user certification from the Chinese government to continue sourcing these materials. The process is expected to take around 45 days. Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date: 17 Jun 2025, 09:33 AM IST
