Neo Performance Materials Commissions Rare Earth Extraction Line in Estonia, Strengthening European Supply Chain

Published: Apr 13, 2026 16:53

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[SMM Rare Earth News Flash] Neo Performance Materials announced that the solvent extraction line at its Silmet plant in Estonia had been successfully commissioned, producing its first batches of terbium oxide and dysprosium oxide. The production line operated at nameplate capacity, achieving heavy rare earth separation using mixed rare earth carbonate raw materials. This move further strengthened the supply chain for Neo's first large-scale sintered magnet factory in Europe, located in Narva, with an annual capacity of 2,000 mt. Neo's CEO stated that the company now possessed both light and heavy rare earth processing capabilities, enabling it to supply secure, traceable, high-quality heavy rare earth materials to European permanent magnet factories.

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