The U.S.-based company plans to establish a rare earth value chain in France, from raw materials to magnets.
USA Rare Earth plans to further expand its operations in Europe. The U.S.-based company has announced additional investments of more than €175 million by 2030. The funding will support new capacity for rare earth metals, alloys, and magnets. At the same time, more than 300 new jobs could be created in the region, the company said during the Choose France Summit. At the economic summit, initiated by Emmanuel Macron, Paris seeks to attract international investment in industry, technology, and infrastructure.
The plans build on projects the company has already announced. These include a facility in Lacq, southwestern France, operated by the recently acquired Less Common Metals, focused on producing rare earth metals and alloys. In addition, the company holds a strategic stake in Carester, which is advancing rare earth processing and separation at the same site. The goal is to build a resilient regional value chain spanning from raw materials to finished magnets.
Support from the French government could further strengthen the project. This would reinforce Lacq’s position as an increasingly important European hub for rare earth processing.
Photo: Anna Tis via Canva
