New Factory Aims to Boost Europe’s Strategic Autonomy 

Photo by Kevin Ache on Unsplash

Photo by Kevin Ache on Unsplash Europe’s largest rare-earth magnet factory has opened in Narva, Estonia. The EU funded factory will produce rare-earth permanent magnets to be used in key economic sectors, for example in electric vehicles, wind turbines and microelectronics. As more than 90% of magnets currently imported in the EU come from China,…