New Delhi: India’s state-owned miner IREL is seeking partnerships with Japanese and South Korean companies to launch commercial production of rare earth magnets, aiming to reduce dependence on China, a source familiar with the matter said. The company is exploring technology collaborations with both countries, potentially through government-to-government channels, the source added, requesting anonymity as discussions are not public.

IREL plans to formalise talks with other nations on rare earth mining and technology tie-ups and will seek board approval for magnet production later this year. IREL and the Department of Atomic Energy, which oversees it, did not respond to requests for comment, Reuters reported.

India currently lacks commercial-scale........

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