India and Russia signed a memorandum of understanding and a letter of intent last week to collaborate on rare-earth magnet technologies, according to an announcement from Rosatom. JSC Giredmet, a unit of Rosatom’s scientific division, signed the MoU with India’s Nexon Geochem Pvt Ltd, and a letter of intent with the Technology Innovation in Exploration & Mining Foundation (TEXMiN), officials said. The pacts are aimed at developing technologies for processing raw materials and producing permanent magnets. Background on Rare Earth Magnets and Supply Chain Rare-earth magnets are described in the announcement as key components for wind turbines, electric motors, and…
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