19/09/2025 (Agence Europe) – On Friday 19 September, the European Union inaugurated its largest rare earth magnet factory in Narva, Estonia. Funded by the EU to the tune of €14.5 million through the Just Transition Fund, the plant aims to reduce Europe’s dependence on Chinese imports (over 90% of the magnets currently used in the EU). Intended to supply strategic sectors such as electric vehicles, wind turbines and microelectronics, the factory is expected to create up to...