The EU has launched its most prominent industrial push to date to reclaim strategic control over rare earth magnet production a sector long dominated by China. This effort takes shape at the newly inaugurated Neo Performance Materials plant in Narva, Estonia, a small industrial city separated from Russia only by the Narva River, the outer border of both NATO and the EU. The Canadian-backed project aims to produce 2,000 tonnes of rare earth magnets in 2025, scaling up to 5,000 tonnes and beyond, targeting 10% of Europe’s growing demand. With China currently supplying nearly all rare earth magnets to Europe, this ... (full story)