USA Rare Earth to invest 200 million dollars in France
USA Rare Earth will invest 175 million euros to expand magnet production in France. The project aims to secure critical supplies for green energy and defense.
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USA Rare Earth will invest an additional amount that could exceed €175 million ($204.03 million) in France to expand magnet-making capacity. The commitment follows a €40 million stake in French processor Carester announced in April. Establishing domestic supply chains reduces Western reliance on rare earth exports from China.
### Expanding the European Magnet Supply Chain USA Rare Earth CEO Barbara Humpton announced the expansion at a summit in Paris. France will fund increased capacity for metals, alloys, and magnets.
