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Bank credit is growing at 18%, up from 11% a year ago. Now the RBI has raised rates. Will it slow down?
Last week, Nexon Geochem announced a massive ₹1,250 crore investment in Andhra Pradesh to build a plant capable of producing 600 tonnes of rare earth neodymium magnets per year, which are critical for EV traction motors and wind turbines.🧵👇
ALT Source: https://www.arnoldmagnetics.com/products/neodymium-iron-boron-magnets/
By that time, India’s annual demand for these magnets is projected to hit 8,220 tonnes, while the scheme only targets creating 6,000 tonnes of capacity, meaning supply will still trail demand even in a best-case scenario.
We cover this and one more interesting story in today’s edition of The Daily Brief.
Read on Substack: thedailybrief.zerodha.com/i/…
Watch on YouTube: youtu.be/4ctZkP3HCa4?si=7T3i…
Or listen on Spotify, Apple Podcasts, or wherever you get your podcasts; just search for “The Daily Brief by Zerodha.”
