Materials/Manufacturing

Mkango to Acquire HyProMag, Aims for Magnet Recycling Plants in UK, Germany and USA 

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. […]

e-Power Technology

Cyclic Materials Raises $27M to Scale Recycling Technology, Links up with Solvay and Arnold 

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. […]

Materials/Manufacturing

Eriez Magnetics Reports Robust Sales of Eddy Current Separators, Expands Manufacturing Capability in UK

Eriez Magnetics reports that sales of its eddy current separators for industrial and recycling markets have been setting a robust pace, boosted particularly by their latest model’s increased capability to separate beverage cans for recyclers. […]