en.Wedoany.com Reported - USA Rare Earth has announced an expansion of its investment in France, aiming to deepen its strategy of building an integrated value chain for critical minerals and rare earths outside Asia. The Nasdaq-listed company stated that new investments could exceed €175 million by 2030, creating over 300 new jobs in the European country to enhance production capacity for processing, alloys, and permanent magnets.
This expansion supplements the company's previously announced projects, including the construction of a Less Common Metals (LCM) rare earth metal and alloy production facility in France, as well as its strategic investment in the rare earth processing specialist Carester.
The company said the expansion will leverage incentive programs introduced by the French government, including the C3IV mechanism, and other potential national support mechanisms such as financial guarantees, and possibly even equity investments in USA Rare Earth's European subsidiary. Company CEO Barbara Humpton confirmed the progress at the "Choose France" summit in Paris, emphasizing that manufacturing magnets in France is one of the company's strategic goals. "We are committed to creating resilient regional operations while developing an integrated value chain from mine to magnet," said Barbara Humpton.
This decision comes amid growing international concern over the high concentration of rare earth and critical mineral processing in Asia, particularly China. In recent years, France has promoted a series of initiatives aimed at restoring industrial capabilities related to the refining and transformation of these minerals, which are considered critical materials for sectors such as electric mobility, defense, wind energy, and advanced manufacturing. USA Rare Earth emphasized that France offers a combination of industrial infrastructure, a skilled workforce, and public policies designed to strengthen strategic supply chains.
The company is currently implementing an integration strategy covering the rare earth value chain, from mining to permanent magnet production. Its key assets include Less Common Metals operating in the UK, magnet manufacturing capabilities being developed in Stillwater, Oklahoma, the Round Top project in Texas, and the future planned Pela Ema project in Brazil (subject to the completion of the proposed acquisition of the Serra Verde Group).
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