Europe's Rare Earth Magnet Plant in Estonia
Update: 2025-12-04
Description
Europes largest rare earth magnet facility opens in Narva, Estonia, aiming to boost local production and reduce reliance on China. The plant, developed by Canadas Neo Performance Materials, is expected to produce two thousand metric tons of magnets this year, contributing to Europes broader effort to secure critical mineral supplies and enhance economic resilience.
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