NEO To Establish Europe’s First Rare Earth Facility In Estonia
Neo Performance Materials Inc. has embarked on a project to establish Europe’s first-ever rare earth magnet manufacturing facility in Narva, Estonia. This facility will manufacture permanent rare earth magnets to meet the growing demands of electric vehicles, wind turbines, and other clean energy technologies. Set to commence operations in 2025, the initial phase is estimated to aid the production of around 1.5 million electric cars, ramping up to 4.5 million in the second phase.
Source: https://miningdigital.com/articles/neo-begins-building-europes-first-rare-earth-facility
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