USA Rare Earth Pledges €175M Investment for French Magnet Manufacturing, 300 Jobs
USAR•USA Rare Earth will invest over €175 million through 2030 to expand metal, alloy and magnet making operations in France, building on its Lacq LCM facility and Carester SAS stake. The expansion could create over 300 jobs and leverages French C3IV incentives while aligning with U.S. Commerce agreements.
1. €175 Million France Expansion Plan
USA Rare Earth plans to allocate more than €175 million through 2030 toward expanding its metal, alloy and neodymium magnet production capabilities in France. This initiative builds on the existing Lacq LCM rare earth metal and alloy facility and enhances the company’s mine-to-magnet value chain in Europe.
2. Partnerships and Government Incentives
The investment complements USA Rare Earth’s strategic stake in Carester SAS alongside InfraVia Capital Partners, strengthening allied processing capacity. It also qualifies for French C3IV program incentives and may access additional debt guarantees or direct equity infusions through French government support.
3. Economic and Operational Impact
This expansion is expected to create over 300 new jobs in the Lacq region and reinforce the industrial cluster’s resilience. By aligning with planned U.S. Department of Commerce agreements, USA Rare Earth aims to secure a Western-aligned supply of critical minerals for aerospace, defense and energy sectors.
