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In Estonia, a new rare-earth magnet plant powers Europe’s green transition
Europe has taken a key step toward reducing its reliance on China for rare-earth magnets, critical for clean technologies. Europe’s first production facility has opened in Narva, Estonia, planning to supply magnets for over a million electric vehicles and a thousand offshore wind turbines each year. #SmartRegions
The new facility, built by a Canadian company with the support of the European Union, marks a milestone in the EU’s effort to secure its own supply chain for critical technologies. In Narva, the company combines rare-earth powders imported from Australia with other metals, using complex physical processes to create the permanent magnets essential for modern green technologies. For Narva, a city long reliant on oil shale extraction, one of Estonia’s largest sources of CO₂ emissions, the magnet factory is a turning point.
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