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It Didn't Take the EU 500 Days to Overtake the US with a New Industrial Miracle

Summary by Portfolio.hu
A handful of magnets in the middle of world politics – European Commission President Ursula von der Leyen, holding rare earth magnets in her hands, announced at the G7 summit that Europe is opening a new era of industrial autonomy. The magnet was made in Estonia, with the help of a Canadian company and Australian raw materials, with EU support – and this is precisely its global significance. The launch of the first Western magnet factory is not …
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A handful of magnets in the middle of world politics – European Commission President Ursula von der Leyen, holding rare earth magnets in her hands, announced at the G7 summit that Europe is opening a new era of industrial autonomy. The magnet was made in Estonia, with the help of a Canadian company and Australian raw materials, with EU support – and this is precisely its global significance. The launch of the first Western magnet factory is not …

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Portfolio.hu broke the news in on Wednesday, June 18, 2025.
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