Estonia aims to help Europe’s rare earth supply chain
Estonia aims to help Europe’s rare earth supply chain

Summary/Abstract: Once a Soviet-era uranium processing plant, the Silmet factory in Sillamäe, Estonia, is now Europe’s leading processor of rare earths. Silmet’s mother company, Toronto-headquartered Neo Preformance Materials, aims to establish the continent’s first manufacturer of high performance magnets for European consumers. These “permanent magnets” have the potential to make a huge impact in the European electric car and offshore wind-turbine industries, which up until now were exclusively dependent on supplies from an increasingly less reliable source – China.

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