Cyclic Materials, VAC sign agreement to build a circular supply chain for rare earth elements
The two companies have agreed to recycle byproducts through Cyclic Materials proprietary magnet recycling processes in North America
Canada-based Cyclic Materials, a BMW-backed advanced metals recycling company, has signed an agreement with Vacuumschmelze (VAC), a leading developer of magnetic materials based in Germany, to build a circular supply chain for rare earth elements, with a focus on recycling the byproducts containing critical materials used in high-performance permanent magnets, the company announced March 18.
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