MagREEsource, a French manufacturer of rare earth permanent magnets made from recycled scrap magnetic material, is expanding its factory in Noyarey near Grenoble. The additional 400m² will bring the total facility size to 1,500m² to […]
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. […]
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 […]
Envipro Holdings, a major metals recycling company based in Japan, and HyProMag located in the UK have begun a collaboration on the recycling of rare earth magnets that will involve operations of both companies in Japan and Europe. The head of Mkango Resources, HyProMag’s parent company, calls it the first step in the roll-out of its recycling technology in Asia. […]
Unilin’s particle board plant now removes blocks of wood containing ferrous metals as much as four times more efficiently, thanks to a drum magnet from Bakker Magnetics. It is essential in the Belgian company’s efforts to substantially increase the proportion of recycled wood in particleboard. […]
Global chemicals giant Solvay and French rare earths consultancy Carester are planning to form a strategic partnership aimed at leveraging the expertise of both companies to pursue manufacturing opportunities within the rare earth industry for the permanent magnets value chain in Europe. The collaboration, announced in March as a signing of a memorandum of understanding, will enable both companies to enhance their respective strengths in the rare earths industry, with Solvay contributing its industrial assets and operational experience, and Carester bringing expertise in recycling end-of-life equipment, upstream market knowledge and related activities. […]
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 […]
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