Europe’s Largest Rare Earths Facility Opens Near Russia Border
Inside Europe’s largest rare earth processing plant, located in Narva, Estonia—just miles from the Russian border—the push to reduce dependence on China for critical minerals is gaining momentum. Developed by Canadian firm Neo Performance Materials and opened mid-September, this facility aims to meet up to 10% of EU demand.Key TakeawaysEstonia's Narva plant can supply 10% of the European Union’s rare earth needs currently met by China.The facility is strategically positioned near Russia, highlighting Europe’s geopolitical concerns over mineral imports from China.This development marks a significant step in diversifying EU supply chains for electric vehicles and renewable energy technologies.Neo Performance Materials' magnet plant in Narva represents an ambitious move to break China's domin...

