A prospector displays a sample of rare earth minerals in San Bernardino County, Calif., on Dec. 10, 2025. John Fredricks/The Epoch Times
USA Rare Earth is considering building a magnet plant in France, its CEO said on April 9, following a deal to take a 12.5 percent stake in local rare-earth processor Carester.
The company agreed to pay 40 million euros ($47 million) for the stake, as the United States and Europe step up efforts to build domestic supply chains and reduce reliance on China for critical minerals.
