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MHI Invites Bids to Set Up Rare Earth Permanent Magnets Manufacturing

The last day to submit the bids is May 28, 2026

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The Ministry of Heavy Industries has invited bids to establish domestic manufacturing capacity for sintered neodymium-iron-boron (NdFeB) rare earth permanent magnets, widely used in electric vehicles, wind turbines, high-end electronics, aerospace, and defense systems.

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