Demand for rare earth permanent magnets in India is projected to double by 2030. Stressing on the importance of self-reliance, Union Minister of Mines and Coal G Kishan Reddy on Thursday said that India aims to begin domestic production of rare earth permanent magnets by year-end through collaboration with private industry.Reddy stressed on the strategic significance of critical minerals for India’s economic progress and geopolitical standing, urging coordinated efforts to safeguard supply chains.Reddy said the ministry, along with a state-owned enterprise, has developed the required technology to manufacture the magnets. Plans are underway to establish four processing facilities for critical…