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Neodymium Production in India
November 15 , 2025
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- India is set to raise neodymium production to 500 tonnes by the financial year 2027, up from 200 tonnes in the financial year 2026.
- Indian Rare Earths Limited (IREL), a state-owned company under the Department of Atomic Energy, mines and processes rare earth elements.
- Rare earths are used in electric vehicles, clean energy technologies, defence systems, and electronics.
- IREL operates extraction and refining facilities in Odisha and Kerala, producing eight of the seventeen rare earth elements.
- India holds about 5 to 6 % of the global rare earth market, ranking third in production and sixth in reserves.
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