Science and Technology · Materials & Industrial Policy

With reference to Rare Earth Permanent Magnets (REPMs), consider the following statements: I. They are commonly made using alloys of rare earth elements such as neodymium and praseodymium. II. They find application in sectors such as electric vehicles, wind energy systems, consumer electronics, and defence equipment. III. Under the Government of India's Scheme for the Promotion of Manufacturing of Rare Earth Permanent Magnets, the annual domestic manufacturing target has been fixed at 6,000 metric tonnes. Which of the statements given above are correct?