France and Japan are planning to build Europe’s first large-scale rare earth recycling plant in Lacq, France, targeting operations to begin by late 2026. This joint venture, supported by EUR 216 million in funding, aims to reduce Europe’s reliance on China’s rare earth supplies. The facility will have the capacity to recycle large amounts of rare earth elements critical for high-tech applications.
In response to concerns regarding China’s dominance in the rare metals market, France and Japan are collaborating to establish Europe’s first large-scale rare earth recycling facility in Lacq, France. This plant is poised to become the largest producer of purified heavy rare earth materials in the West, with operations projected to commence by the end of 2026. Notably, automaker Stellantis is expected to be a key customer of the facility.
The collaboration between France and Japan to create a rare earth recycling plant signifies a crucial step toward reducing Europe’s dependence on China for rare earth materials. By establishing this facility, Europe aims to bolster its strategic capabilities in high-tech and clean energy sectors, significantly contributing to the region’s supply chain resilience.
Original Source: www.trendforce.com
