( September 19, 2025, 11:13 GMT | Official Statement) -- MLex Summary: Estonia has opened Europe’s largest rare-earth magnet factory, the European Commission said on Friday. The new facility in Narva, which has been financed through the EU's Just Transition Fund, will produce rare-earth magnets for use in electric vehicles, wind turbines and microelectronics, it said in a statement. With more than 90 percent of magnets in the EU currently imported from China, the factory aims to increase Europe’s strategic autonomy and competitiveness, the commission said. Full statement follows:...
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