France and Japan Collaborate to Establish Europe’s First Rare Earth Recycling Facility
France and Japan are partnering to create Europe’s first large-scale rare earth recycling facility in Lacq, aimed at reducing dependency on China, which currently supplies 98% of Europe’s rare earths. Caremag has secured EUR 216 million in funding for the project, set to begin operations by the end of 2026, producing significant quantities of Dysprosium, Terbium, Neodymium, and Praseodymium oxides.
China’s significant control over rare metals has raised concerns globally. In response, France and Japan are collaborating to establish Europe’s first large-scale rare earth recycling facility in Lacq, France, as reported by Carester, a French rare earth refining company. This plant is anticipated to become the largest producer of purified heavy rare earths in the Western region.
The joint venture between France and Japan to build a rare earth recycling plant marks a strategic move towards reducing dependence on Chinese supplies. With the facility set to produce essential rare earth elements for critical technologies, this project aims to bolster Europe’s position in the global supply chain, thereby enhancing energy security and supporting high-tech industries.
Original Source: www.trendforce.com
