Cyclic Materials

Materials/Manufacturing

Cyclic Materials to Invest Over $20M in its First Magnet Recycling Plant in U.S. 

April 23, 2025 Editorial Staff 0

April 23, 205 – Cyclic Materials, the advanced recycling company creating a circular supply chain for rare earth elements (REEs) and other critical materials, today announced it has invested over $20 million in its first commercial facility, located in Mesa, Arizona. The new state-of-the-art facility will be the company’s first global rare earth element recycling operation focused on the separation of permanent magnets from end-of-life products previously not recovered, using its proprietary MagCycle process. […]

Materials/Manufacturing

Cyclic Extends Magnet Recycling Reach: Microsoft Investment Targets Hard Drives; Auto Salvage in UK Marks First Overseas Supply Deal 

September 4, 2024 Editorial Staff Comments Off on Cyclic Extends Magnet Recycling Reach: Microsoft Investment Targets Hard Drives; Auto Salvage in UK Marks First Overseas Supply Deal 

Recycling magnets from computer hard drives has garnered the attention — and opened the wallet — of Microsoft’s Climate Innovation Fund. It’s one of several new avenues that Cyclic Materials of Toronto is pursuing to gather more magnets into its supply stream and extend the reach for its technology. Auto salvage in the UK is another, marking the company’s first overseas feedstock deal – and with ties to parent companies IAA and Ritchie Auctions which have extensive worldwide operations in the used vehicle business.  […]

Materials/Manufacturing

Cyclic Materials Opens Magnet Recycling Plant, Signs Supply Deals with Solvay & Vacuumschmelze 

July 31, 2024 Editorial Staff Comments Off on Cyclic Materials Opens Magnet Recycling Plant, Signs Supply Deals with Solvay & Vacuumschmelze 

Startup recycler Cyclic Materials is stepping out to commercial operation with the opening of its first-phase plant in Canada and two new supply chain deals – one with Solvay in Brussels and another with Vacuumschmelze of Germany who has a new magnet plant now under construction in the USA.

In early June, the Toronto-based company opened its Hub100 plant in Kingston, Ontario. The plant is the first scaled version of Cyclic’s hydrometallurgical technology, REEPure, and is positioned to demonstrate the feasibility of the technology at a commercial scale. The plant has a design capacity to recycle 100 tons of magnetic material per year, producing recycled mixed rare earth oxides (rMREO) that can be reused in the rare earth magnet supply chain, as well as nickel and cobalt hydroxides. […]

Materials/Manufacturing

VAC Awarded $111 Million Tax Credit for New Magnet Factory in USA, Makes Recycling Deal with Cyclic Materials 

April 10, 2024 Editorial Staff Comments Off on VAC Awarded $111 Million Tax Credit for New Magnet Factory in USA, Makes Recycling Deal with Cyclic Materials 

e-VAC Magnetics, part of Vacuumschmelze, has been awarded a $111.9 million Qualifying Advanced Energy Project Tax Credit to advance the construction of its first USA magnet manufacturing facility in Sumter, South Carolina. The facility was […]

e-Power Technology

Swedish Automaker Polestar Designs New PM Motors for Its High-Performance EVs, Plans Magnet Recycling with Cyclic Materials 

January 8, 2024 Editorial Staff Comments Off on Swedish Automaker Polestar Designs New PM Motors for Its High-Performance EVs, Plans Magnet Recycling with Cyclic Materials 

Featuring powerful new motors of a permanent magnet synchronous design, Swedish automaker Polestar is rapidly expanding its production of electric vehicle models with high power output and speedy performance. Begun as an auto racing engineering enterprise, the company’s approach is to focus on exceptional design for high performance while conducting manufacturing through the facilities of others and focusing on overall sustainability — including use of recycled magnets.  […]