METI supply assurance plan 2023永久磁石第1号-1 (Aichi Steel, rare-earth-saving magnets and capacity expansion)

METI-approved supply assurance plan for permanent magnets, certification number 2023永久磁石第1号-1, approved August 25, 2023 under the Economic Security Promotion Act, naming Aichi Steel Corporation, with goals of developing rare-earth-saving magnets and expanding permanent magnet manufacturing equipment capacity, and a maximum subsidy of about 1.1 billion yen (約11億円). This was the first METI-approved permanent magnet plan. The event is typed definitive-agreement rather than obligated: plan certification fixes the approved plan and subsidy ceiling, but funds are obligated through subsequent grant procedures.

Facts on this page last re-verified Aug 11, 2026 — the oldest verification date among its current claims. How we verify.