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India Rare Earths Monitor - September 2026

Founder, CEO, GSBR Research

Garvit Bhandari

Founder, CEO

Thematic (Sector/Industry)

India Metals and mining / Thematic (Sector/Industry)

<ul>
<li>India's INR7,280 crore REPM magnet tender drew 20 bids in August, with L&amp;T stepping forward alongside a Proterial-led consortium, the downstream localization push moving from open tender to contested field.</li>
<li>Prices split by weight: light rare earths corrected (Pr-Nd oxide −2.5%) while dysprosium firmed in oxide (+3.7%) and metal (+2.5%), tracking exactly where China's export control bites hardest.</li>
<li>New private processing routes emerged, including Enervoxa's $250-350mn plan to recover rare earths from aluminium red mud, sidestepping the monazite mining and radioactivity bottleneck.</li>
</ul>


India's INR7,280 crore REPM magnet tender drew 20 bids in August, with L&amp;T stepping forward alongside a Proterial-led consortium, the downstream localization push moving from open tender to contested field.
Prices split by weight: light rare earths corrected (Pr-Nd oxide −2.5%) while dysprosium firmed in oxide (+3.7%) and metal (+2.5%), tracking exactly where China's export control bites hardest.
New private processing routes emerged, including Enervoxa's $250-350mn plan to recover rare earths from aluminium red mud, sidestepping the monazite mining and radioactivity bottleneck.


India Rare Earths Monitor - August 2026