SynopsisRare earth permanent magnets (REPMs), made using elements like neodymium and dysprosium, are essential for modern electronics manufacturing due to their exceptional magnetic strength even in small sizes. The high power-to-weight ratio has allowed hardware companies to shrink the physical footprint of crucial internal components, including smartphone vibration motors, acoustic speakers, and camera optical image stabilisation systems.The government is expected to approve manufacturing centres for rare earth permanent magnets in the next tranche of the electronics component manufacturing scheme (ECMS) expected this month, officials told ET. Multiple applications across categories, spanning various stages of the value chain are currently being studied, they said."There are proposals to create magnets from converting rare earth oxides into raw magnet alloys, as well as toNow Playing