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GMDC shares jump over 6% today as rare earth magnet incentive plan lifts mineral stocks
The sector-wide momentum in mineral stocks such as GMDC followed reports that the Union Cabinet, chaired by Prime Minister Narendra Modi, has begun discussions on a major incentive scheme aimed at promoting domestic production of rare earth permanent magnets (REPM).
The sector-wide momentum in mineral stocks such as GMDC followed reports that the Union Cabinet, chaired by Prime Minister Narendra Modi, has begun discussions on a major incentive scheme aimed at promoting domestic production of rare earth permanent magnets (REPM).
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