Europe's largest rare-earth magnet factory opens in Narva, Estonia

ec.europa.eu

Europe's largest rare-earth magnet factory opened in Narva, Estonia, aiming to boost the EU's strategic autonomy and competitiveness. The EU-funded facility will produce magnets essential for electric vehicles, wind turbines, and microelectronics, reducing reliance on Chinese imports. This project, supported by Cohesion Policy, is expected to create jobs and stimulate the regional economy while enhancing the EU's industrial transition.


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Europe's largest rare-earth magnet factory opens in Narva, Estonia | News Minimalist