USA Rare Earth Commits $204 Million to France Magnet Manufacturing Expansion
USAR•USA Rare Earth will invest over €175 million ($204 million) by 2030 to expand rare-earth metals, alloys and magnet manufacturing operations in France, creating 300+ jobs and potentially receiving French government support. This project boosts Western supply chain diversification away from China’s 90% processing dominance, underpinning future revenue growth.
1. France Expansion Investment
USA Rare Earth announced a plan to invest over €175 million by 2030 to expand its rare-earth metals, alloys and magnet manufacturing operations near Paris, targeting a fully integrated mining-to-magnet supply chain in France.
2. Strategic Supply Chain Diversification
The expansion supports Western efforts to counter China’s control of roughly 70% of rare-earth mining and 90% of processing capacity, ensuring more secure access to critical materials for electric vehicles, wind turbines and defense applications.
3. Economic Impact and Job Creation
The project is expected to create more than 300 direct jobs and could receive incentives from the French government, providing long-term revenue streams and strengthening USA Rare Earth’s competitive position in the global critical minerals market.
