Solvay is planning to develop major hub for rare earth magnets in Europe
Solvay has announced to expand its rare earths operations in La Rochelle, France to enter the value chain for rare earths permanent magnets in Europe. This investment will expand the existing units that will add the production of separated rare earth oxides for permanent magnets to the site. These are essential components used in the traction motors of electric vehicles, wind turbines other electronics applications. This will accelerate the recycling of rare-earth materials and make electric mobility more sustainable in European region.
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