Nexon Geochem Eyes Fully Integrated 1200 MPTA NdFeB Permanent Magnet Manufacturing Facility by FY 2033
Jul 13, 2026
Hyderabad (Telangana) [India], July 13: In a groundbreaking first move from India, Nexon Geochem Private Limited fast tracks rare earth minerals processing and production signing a Memorandum of Understanding (MoU) with Giredmet, the State Research and Design Institute of Rare Metal Industry under Russia's Rosatom State Corporation. The company is poised to hit a benchmark production capability of 1200 MTPA by FY 2033.
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