In a stunning demonstration of investor interest in magnet recycling, Cyclic Materials of Toronto has successfully closed an oversubscribed $53 million Series B equity round, bringing the company’s total equity raised to $83 million. Cyclic […]
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. […]
Joint research by BOKU Tulln and IMC University of Applied Sciences Krems shows great potential in the recovery of valuable materials from electronic waste. Up to 85% recovery of rare earths achieved in the laboratory. […]
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. […]
Geomega Resources, a Canadian developer of clean and alternative technologies for the extraction, refining and recycling of rare earths and other critical materials, has decided to consolidate its operations into a single, larger location in […]
Magnets are valuable components. Although functional magnet recycling methods have been developed in recent years, they have not yet been applied in practice and magnets continue to be melted down into steel scrap. Researchers at the Fraunhofer Research Institution for Materials Recycling and Resource
Strategies IWKS provide good arguments for why this should change in the future […]
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