Cobalt has advised Neo Performance Materials – the parent company of NPM Silmet OU – on establishing a sintered rare-earth magnet manufacturing facility in Estonia.
According to Cobalt, “construction is expected to be launched in 2023, and the onset of manufacturing operations is planned for 2025. The first phase of Neo’s planned magnet plant is designed to produce approximately 2,000 tonnes/year of sintered rare-earth permanent magnet block.”
“Commercial discussions ... indicate a level of demand for sintered rare earth magnets that far exceeds Neo’s planned phase 1 production capacity. The company is now considering plans to increase the plant’s capacity to 5,000 tonnes/year in a phase 2 expansion, depending upon market conditions and other factors,” the firm reported.
Cobalt’s team included Partners Aivar Taro, Karina Paatsi, Martin Simovart, Elo Tamm, Egon Talur, and Monika Koolmeister, Senior Associates Heleri Tammiste, Mart Blondal, Johanna-Britt Mikk, Sandra Sillaots, Madis Reppo, and Karli Kutt, Junior Associate Kristo Pullerits, and Assistant Lawyer Chris Oliver Rahumagi.