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Rare earth magnet incentive lifts GMDC, other mineral stocks, yet Indian market lacks a true rare-earth play
The surge in GMDC and other related stocks comes as the government prepares a major incentive scheme for rare earth permanent magnet (REPM) manufacturing. However, no domestic miner is positioned to benefit meaningfully from the rare-earth magnet value chain at this stage.
The surge in GMDC and other related stocks comes as the government prepares a major incentive scheme for rare earth permanent magnet (REPM) manufacturing. However, no domestic miner is positioned to benefit meaningfully from the rare-earth magnet value chain at this stage.
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