On September 19th, 2025, Neo Performance Materials held a grand opening celebration for its new rare earth magnet manufacturing facilities in Narva, Estonia.
This new, state-of-the-art rare earth magnet facility marks a significant milestone for Neo, solidifying its commitment to becoming a leading producer of critical materials for the global electric vehicle and wind energy sectors.
Neo’s magnet plant in Estonia is playing a catalytic role in strengthening European supply chains for rare earth magnets, essential components for technologies in the net-zero and digital transitions.
Click on the image to view and download the presentation from the Investor/Analyst Day on September 18, 2025.
Estonian factory built in 500 days marks big boost to continent’s production but is only a start to satisfying soaring demand
Jaanus Uiga, Deputy Secretary General for Energy and Mineral Resources of Estonia, discusses the country’s latest rare earth magnet facility, the first of its kind in the European Union. Steve Brice of Standard Chartered Bank also joins this panel.
A factory on the edge of the EU needs to prove that the bloc can reduce its reliance on China while ensuring a future for fossil fuel workers.
Nearly six months ago, China sent an unmistakable message about its grip on critical supply chains. Its leaders suspended exports of powerful rare earth magnets that many industries around the world can’t live without.
Neo Performance Materials has opened Europe’s first mass-scale production facility for rare earth magnets as its chief executive predicted a three-fold increase in demand over the next decade.
Executives from Europe’s electric-vehicle industry are trekking to the continent’s sparsely populated northeastern parts to queue for something they struggle to find outside of China: rare-earths magnets that are essential components in EVs.
Canadian specialty materials producer Neo Performance Materials officially launched a sintered neodymium iron boron (NdFeB) magnet plant in Narva, Estonia, on Friday September 19, and announced the completion of Europe's first dysprosium and terbium oxide production line.
