Cyclic Materials, a metals recycling company, and Solvay, a rare earth materials supplier, have signed an agreement where Cyclic Materials will supply Solvay’s plant in La Rochelle, France recycled mixed rare earth oxide (rMREO) for further separation and purification from its new Hub100 facility in Ontario, Canada. Shipments to La Rochelle are expected to begin in late 2024.
This agreement extends the partnership formed by the memorandum of understanding signed in February 2023. Since then, the companies have validated Cyclic Materials’ rMREO product with Solvay’s rare earth separation process.
“This agreement aligns with our sustainable sourcing strategy to provide magnet grades of NdPr and Nd oxides to our customers by early 2025. We support Cyclic Materials’ vision of developing a circular supply chain for rare earths. Through this partnership we are creating a circular loop to reintegrate recycled MREO back into the magnet supply chain,” said An Nuyttens, president of Solvay Special Chem.