A UK-based manufacturer specialising in rare earth metals and complex alloy systems has chosen France to further develop partnerships and facilitate a Western World supply chain.
Less Common Metals Limited (LCM) is proposing an investment of 110 M€ for a project to establish a plant to produce both light and heavy rare earth metals and alloys, creating 100 to 140 jobs. Lacq is currently being considered as the location for the plant with a final decision due shortly.
LCM is based in the UK and has more than 30 years of experience in the Rare Earth Industry. The company holds a unique position as one of the few non-Chinese producers of rare earth metals and alloys and plays a crucial role in the midstream of the rare earth supply chain, providing essential materials for permanent magnets used in various high-tech applications.
This initiative reflects the company’s strategic decision to invest in France as a hub for advancing partnerships and strengthening the rare earth supply chain within the Western world. By establishing a presence in France, the company aims to support regional collaboration, enhance supply chain resilience, and contribute to the development of critical materials essential for future technologies.
LCM is involved in a wide range of European and UK-funded projects that drive innovation in product and process development. These collaborative projects position LCM at the forefront of emerging technologies and reinforce the company’s ongoing contribution to the European academic, research, and development landscape.
“Choosing France for this strategic expansion marks an important milestone in our mission to develop a robust and complementary rare earth supply chain for the Western World,” said Grant Smith, Chairman of Less Common Metals.
“With over three decades of experience in rare earth metals and alloys, LCM is committed to deepening our partnerships across Europe and reinforcing regional supply chain resilience. France’s strong support, robust industrial base, collaborative research environment, and strategic positioning within Europe align closely with our vision to invest in critical materials development and build alternative supply chains.”
About France 2030 investment plan
The France 2030 investment plan represents a strategic commitment by the French government to position the nation at the forefront of global innovation and industrial transformation. With a dedicated budget of €54 billion, the plan focuses on accelerating the development of critical technologies and sustainable industries, including artificial intelligence, green energy, quantum computing, and advanced healthcare. By fostering public-private collaboration and supporting high-impact projects, France 2030 is driving long-term competitiveness, job creation, and industrial resilience across the national economy.