Estonia plans to oust Chinese neodymium from the EU

Estonia plans to oust Chinese neodymium from the EU
Avaldatud 23. 2021.a.
The Estonian company Silmet, one of the world's leading producers of rare and rare earth metals, plans to build a new permanent magnet manufacturing plant within 4-5 years. This will reduce the dependence of European manufacturers on China.

Neodymium products are actively used in "green" cars powered by electric current, as well as in wind turbines. Silmet hopes for subsidies from the EU countries for the development of such an important industry for energy independence.

Source: rus.err.ee