Europe’s budget is investing in security of supply of key industries, bringing good jobs locally and resilience for the whole continent.

The first rare earth magnet plant in Europe is starting up in Estonia.

It will produce key components for numerous industries, including electric vehicles and wind turbines. It will help modernise and decarbonise our continent and create the jobs of the future.​

Europe invests where it matters, to make a difference for 450m Europeans.​

Industrial facility with workers in safety gear operating machinery. Overlaid text reads: 'Secure industries, jobs for the future.' Below, it highlights the 'Neo Materials Rare Earth Magnet Facility, Estonia,' describing it as Europe’s first rare earth magnet plant for electric vehicles. EU flag and slogan 'Europe’s Budget: The Power of Together' appear on a blue background.
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