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 […]
Running from January 2024 to December 2026, Magellan Project aims to revolutionize the way Europe recycles and manufactures permanent magnets. With co-funding from the European Union and a total budget of €7.5M, the project is […]
Advanced Magnet Lab is progressing with the development toward commercial manufacturing of its PM-Wire magnets, having received a new patent related to its “powder-in-tube” process for manufacturing them and, separately, forging an expanded business relationship […]
Mkango Resources is paying up with the help of a new partner up to acquire full control of pioneering British magnet recycler HyProMag. The companies plan to build a plant in the U.S. next, rolling out further HyProMag’s technology for processing of magnet scrap using hydrogen, developed at the University of Birmingham. First production using the process is targeted for the UK this year, Germany in 2024 and the U.S. to follow as the Vancouver-based minerals company continues to pursue development of its Songwe Hill rare earths property in Africa. […]
Arnold Magnetic Technologies, a global manufacturer of high-performance magnets and more for mission critical applications, has announced its partnership with Cyclic Materials, a pioneer in developing more sustainable domestic supply chains for rare earth elements. […]
Creating a Circular Supply Chain for Rare Earth Elements and Critical Materials
Cyclic Materials, a Canadian advanced metals recycling company focused on producing critical materials, today announced it has raised $27 million in an oversubscribed Series A financing. The money is flowing in quickly after accomplishing its first production run of rare earth magnetic material and forging a string of partnerships with magnetics industry notables. These include chemicals giant Solvay which is planning to build a major rare earths magnet operation in Europe, and Arnold Magnetic Technologies (see related article), among others. […]
Operating now as Noveon, the magnet recycling company in Texas which began as Urban Mining Co., continues to push forward in its plan to become a significant force in supplying new magnets and magnetic components […]
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