Rosatom and the Ministry of Industry and Trade of Russia have signed a special investment contract to create a production facility for permanent rare-earth magnets
On February 14, 2024, as part of the International Exhibition and Forum “Russia” in Moscow, a special investment contract (SPIC) was signed for the project to establish Russia's first large-scale production of permanent rare-earth magnets in the city of Glazov, Udmurt Republic.