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 magnets. JSC Giredmet also signed a letter of intent with Technology Innovation in Exploration & Mining Foundation (TEXMiN) for research and development of technologies for producing permanent magnets. Rare-earth magnets are described as the unseen foundation of the green economy, being key components in computer hard drives, wind turbines, electric motors, biomedical devices, and other industrial applications.…