Rare Earth Magnets: The Supply Chain Theme Hiding in Plain Sight

The market is busy tracking EV sales, but very few investors are watching rare earth magnets, a critical component used in EVs, wind turbines, electronics and defence equipment. China still dominates over 90% of global processing capacity, pushing India to accelerate domestic rare earth mining and magnet manufacturing initiatives. This could create a long-term opportunity for companies linked to the ecosystem, including Indian $GMDCLTD , $COALINDIA , $NMDC , and downstream beneficiaries such as $TMCV and $MARUTI ,which depend heavily on these materials for future EV growth. What looks like a mining story today could become an EV supply chain story tomorrow.