European Permanent Magnet Facility (Narva, Estonia)
Project information
As at 31 December 2025
Description
As at 31 December 2025
Greenfield sintered neodymium-iron-boron (NdFeB) permanent-magnet manufacturing facility in Narva, Estonia, strategically located near Neo's Silmet rare earth separation facility. The plant is expected to position Neo as Europe's largest domestic sintered magnet supplier and a compliance solution under the European Union's Critical Raw Materials Act. During 2025 the facility shipped sintered magnet samples meeting specified magnetic properties to a Tier-1 traction-motor customer for the EV market and Neo was awarded a related magnet supply contract, marking key commercialization milestones as the plant ramps toward commercial production.
Processing facilities
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