The initiative by New Delhi and Moscow aims to develop technologies for making rare-earth magnets. India and Russia are collaborating to develop technologies for making rare-earth magnets, which are key for industries ranging from electric vehicles to renewable energy. Last week, JSC Giredmet, a unit of Rosatom’s scientific division, signed a memorandum of understanding with India’s Nexon Geochem Pvt Ltd, for research and development of technologies for processing raw materials of rare-earth