Estonia opens Europe's first rare-earth magnet plant to support green transition

euronews.com

Europe's first rare-earth magnet plant has opened in Estonia, aiming to reduce reliance on China for critical clean technology components. The Narva facility, supported by the EU, has an annual capacity of 2,000 metric tonnes, sufficient for over a million electric vehicles or 1,000 offshore wind turbines. This €75 million investment, partly funded by the EU's Just Transition Fund, is a turning point for Narva, a city historically dependent on oil shale extraction.


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Estonia opens Europe's first rare-earth magnet plant to support green transition | News Minimalist