Rosatom Pushes Rare-Earth Magnet Ramp-Up to 2029 - Russia Builds a Domestic NdFeB Chain

Highlights

• Rosatom's Glazov magnet plant now targets 500 tonnes annually in phase one, down from the original 1,000-tonne goal, with ramp-up pushed to early 2029.
• Russia produced only 284 tonnes of permanent magnets in 2025 against domestic consumption of 610 tonnes, highlighting a critical supply gap.
• Rosatom will focus on premium NdFeB grades for EVs and robotics rather than competing directly with China's commodity magnet market.
• The revised schedule reflects weak demand visibility from Russian manufacturers, underscoring that sovereign supply chains require synchronized downstream demand.
• Solikamsk Magnesium Plant is planned as the upstream rare-earth oxide supplier, supporting Rosatom's full localization objective.