Next ECMS tranche may greenlight rare earth magnet plants - The Economic Times

Rare 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.

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