USA Rare Earth to invest over $200 million in France

USA Rare Earth

01/06/2026 08:19

    June 1 (Reuters) - USA Rare Earth USAR.O said on Monday it will make an additional investment in France that could exceed €175 million ($204.03 million)to expand its metal, alloy, and magnet-making capacity in the country. 
The company had said in April that it was considering building a magnet plant in France, after agreeing to pay €40 million for a stake in the French rare earth processing firm Carester.
     
     
($1 = €0.8577)

(Reporting by Anusha Shah in Bengaluru; Editing by Rashmi Aich)
((AnushaDevang.Shah@thomsonreuters.com;))