NARVA, Estonia, Sept. 19 (Xinhua) -- A plant producing rare-earth magnets for Europe's electric vehicle and wind-energy sectors opened Friday in Narva, a city in northeastern Estonia.
The facility, built by Canada's Neo Performance Materials, is designed to produce around 2,000 metric tonnes of magnet blocks a year -- enough for over a million electric vehicles or more than 1,000 offshore wind turbines, according to local media reports. The magnets will be tailored to meet the specifications of Europe's automotive and wind-energy sectors.
