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    Home > Finance > Critical Metals partners with Romania's FPCU to set up rare earth processing plant
    Finance

    Critical Metals partners with Romania's FPCU to set up rare earth processing plant

    Published by Global Banking & Finance Review®

    Posted on December 9, 2025

    2 min read

    Last updated: January 20, 2026

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    Tags:partnershipinnovationresources sectorsustainabilityinvestment

    Quick Summary

    Critical Metals partners with Romania's FPCU to set up a rare earth processing plant, reducing Europe's reliance on China and supporting industries like electric vehicles.

    Critical Metals and FPCU to Establish Rare Earth Plant in Romania

    Dec ‌9 (Reuters) - Critical Metals said on Tuesday it will form ‍a ‌joint venture with Romania-based FPCU to set up a ⁠facility in the European ‌country to process the rare earth minerals from the U.S. firm's Tanbreez mine.

    Shares of the company rose 4% in premarket trading.

    The ⁠company said it will supply 50% of the Tanbreez project's rare earth ​concentrates to the Romanian JV for the ‌full lifespan of the ⁠mine at "mutually agreed competitive market terms".

    The Tanbreez project is critical as an alternative source of heavy rare earths ​that are key to electric vehicles, wind turbines and defense, with Western nations working to reduce their reliance on China for these vital resources.

    The facility in Romania ​will ‍create a Europe-focused ​supply chain for rare earths, reducing the region's reliance on China, which dominates more than 80% of global processing.

    "We're not just building a plant - we're dismantling China's stranglehold on rare earths and empowering Europe with secure supplies," Critical ⁠Metals CEO Tony Sage said.

    The plant will make products such as aerospace and military-grade ​magnets, the company said.

    In October, the company said it would raise $50 million through a private investment in public equity (PIPE) deal with an institutional investor ‌to help develop its Tanbreez rare earth deposit in Greenland.

    (Reporting by Katha Kalia in Bengaluru; Editing by Leroy Leo)

    Key Takeaways

    • •Critical Metals partners with Romania's FPCU for a rare earth processing plant.
    • •The plant will process minerals from the Tanbreez mine.
    • •Aims to reduce Europe's reliance on China for rare earths.
    • •The facility will support electric vehicles and defense industries.
    • •Critical Metals plans a $50 million PIPE deal for development.

    Frequently Asked Questions about Critical Metals partners with Romania's FPCU to set up rare earth processing plant

    1What is a joint venture?

    A joint venture is a business arrangement where two or more parties agree to pool their resources for a specific project or business activity, sharing both risks and profits.

    2What are rare earth minerals?

    Rare earth minerals are a group of 17 chemical elements used in various high-tech applications, including electronics, renewable energy technologies, and defense systems.

    3What is a supply chain?

    A supply chain is the entire system of production, processing, and distribution of goods, from raw materials to the final consumer, involving various stakeholders.

    4What is a private investment in public equity (PIPE)?

    A PIPE is a private investment firm that buys shares of publicly traded companies at a discount, providing them with immediate capital in exchange for equity.

    5What is market reliance?

    Market reliance refers to the dependence of a region or economy on specific markets or suppliers for essential goods and services, which can impact stability and security.

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