USA Rare Earth to invest over $200 million in France

USA Rare Earth

USA Rare Earth

USAR

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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)


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