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News & Events

News & Events

French government recognises strategic importance of Rare Earths with major investment in permanent magnet recycling

Recognition of the strategic importance of Rare Earth Elements (REE) in the drive for electrification in the mobility sector and European strategic autonomy has been given a boost by the French government as they announce a Recovery Fund investment of EUR 15M in Carester. The company, founded in 2019 and an active ERMA partner, has ambitious plans to construct a EUR 56M facility which will extract and recycle REEs from permanent magnets.