NAN GreenMet has announced it will establish “NAN MagneTech,” India’s first integrated neodymium (NdFeB) magnet manufacturing facility, at the Naidupeta Industrial Park in Andhra Pradesh, investing ₹12.5 billion (about $130 million) in the first phase. According to multiple media reports, including DIGITIMES and Rare Earth Exchanges, the project is backed by Japanese technology partners, reportedly including Masato Sagawa, credited as one of the inventors of NdFeB magnets. The project is positioned as part of India’s response to China’s dominance of the rare earth magnet supply chain.
What This Article Covers
- The scale of NAN MagneTech’s investment and production capacity plans
- What the integrated value chain covers
- The role of Japanese technology cooperation
Overview
Neodymium (NdFeB) magnets are high-performance magnets used in EV motors, wind turbines, hard drives, and various other motors, and China dominates the global refining and processing of the rare earth materials that go into them. India is aiming to reduce this dependence on China by building out a domestic value chain covering everything from raw material processing to finished magnet manufacturing.
Details
The following points were confirmed through multiple independent media reports, including DIGITIMES and Rare Earth Exchanges.
- NAN GreenMet is establishing “NAN MagneTech,” India’s first integrated neodymium magnet manufacturing facility, at the Naidupeta Industrial Park in Andhra Pradesh
- Phase 1 investment is ₹12.5 billion (about $130 million), with an annual production capacity of 1,200 tonnes; the company aims to eventually expand to 10,000 tonnes annually
- The plan covers an integrated value chain spanning oxide processing, metal production, alloy manufacturing, sintered magnets, and recycling
- Commercial production is targeted for the first quarter of 2028
- Japanese technology partners, reportedly including Masato Sagawa, credited as one of the inventors of NdFeB magnets, are cooperating on the project
Industry Impact
Rare earth magnets are a strategic material used across a wide range of sectors — EVs, renewable energy, and defense — and heavy dependence on China has become a recognized security concern in many countries. If India succeeds in building a fully domestic value chain from raw material processing through finished products, it could serve as an alternative option for reducing China dependence, with potential implications for other countries’ supply chain strategies as well.
Relevance to Japan
The project reportedly involves technology cooperation from a Japanese researcher credited with inventing NdFeB magnets, making it a case where Japanese magnet-related technology is being put to use in building out India’s supply chain. Japan itself faces the challenge of rare earth magnet dependence on China, and this expanding technology cooperation with India points to potential future collaboration opportunities for Japanese magnet companies and research institutions.
What to Watch Next
- Details of Indian government subsidies and support measures
- The specific source of raw rare earth materials
- Whether commercial production begins on schedule in Q1 2028
- Progress toward the 10,000-tonne annual expansion target
Summary
NAN GreenMet is investing $130 million in “NAN MagneTech,” India’s first integrated neodymium magnet manufacturing facility, with cooperation from Japanese technology partners, as part of India’s push against China’s dominance of the rare earth magnet supply chain. What’s next is to track the details of raw material sourcing and whether commercial production begins on schedule in 2028.
