USA Rare Earth Considers Building Magnet Plant in France

France last year launched Europe’s first pilot line for the recycling and manufacturing of rare-earth magnets in Grenoble to reduce reliance on Chinese imports.

A prospector displays a sample of rare earth minerals in San Bernardino County, Calif., on Dec. 10, 2025. John Fredricks/The Epoch Times

USA Rare Earth is considering building a magnet plant in France, its CEO said on April 9, following a deal to take a 12.5 percent stake in local rare-earth processor Carester.

The company agreed to pay 40 million euros ($47 million) for the stake, as the United States and Europe step up efforts to build domestic supply chains and reduce reliance on China for critical minerals.