Magnetics Business & Technology - September/October 2023 - 31
INDUSTRY NEWS
Initial production run completed in October of 2022
to successfully produce rare earths for magnet manufacture,
electronics, and catalysts, " said Ilham Kadri, Solvay CEO. " As
the European Commission finalizes the European Critical Raw
Materials Act, supplies of recycled materials are becoming
critical to European manufacturers. This MOU prepares us for a
future offtake agreement which will further our efforts to provide
certifiably recycled materials to these markets. "
The move comes as Solvay is implementing its plans to develop
a major hub for rare earth magnets in Europe. For decades,
Solvay has been a technology leader in rare earths separation,
purification, finishing and formulation, it notes. In September, it
announced plans to expand its rare earths operations in La Rochelle,
France to enter the value chain for rare earth permanent
magnets in Europe and serve customers in the fast-growing
electric vehicles, wind power, and electronics markets. With
this investment, the group has the ambition to create a powerful
rare earths hub in Europe in the coming years.
" Solvay is the best-known player in
the rare earth separation and rare
earth chemicals market, and we are
proud to collaborate with them to support
a European rare earth industry, "
added Ghahreman. " Solvay has been
in a leadership role in European rare
earths for decades, and we can now
be confident that the Cyclic Materials'
products will be processed into the
highest quality rare earths on the market,
compatible with all downstream
applications. "
Cyclic is based in Kingston, Ontario.
For more info, see www.cyclicmaterials.earth.
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Ahmad Ghahreman, CEO
of Cyclic Materials
In October of 2022, Cyclic completed the initial production run
at its magnet recycling pilot plant, focused on generating the
engineering data required for its 2023-2024 scale up plans and
producing high quality magnet rare earth oxides. It aims to produce
600 tons of mixed rare earth oxides by 2026, increasing to
3,000 tons per year by 2030.
www.MagneticsMag.com
Engineering Electronics Partnership
since 1963
www.ITG-Electronics.com
September/October 2023 * Magnetics Business & Technology 31
http://www.cyclicmaterials.earth
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Magnetics Business & Technology - September/October 2023
Table of Contents for the Digital Edition of Magnetics Business & Technology - September/October 2023
Magnetics Business & Technology - September/October 2023
Editor’s Choice/ Features
Time Medical Charges Ahead with Production of Neonatal MRI in Hong Kong
Saietta e-Drives to Be Manufactured by Avtec in India; to Power AYRO Vehicles in USA – Illustrate Growing Web of Global Production Collaborations for EVs
How One Magnetic Alloy Helped Fight the Covid Pandemic
Research & Development
Product News
Industry News
Events Calendar/ Advertising Index
Magnets for Horse Mobility and Therapy from England
Visions
Magnetics Business & Technology - September/October 2023 - Magnetics Business & Technology - September/October 2023
Magnetics Business & Technology - September/October 2023 - Cover2
Magnetics Business & Technology - September/October 2023 - 3
Magnetics Business & Technology - September/October 2023 - Editor’s Choice/ Features
Magnetics Business & Technology - September/October 2023 - 5
Magnetics Business & Technology - September/October 2023 - Time Medical Charges Ahead with Production of Neonatal MRI in Hong Kong
Magnetics Business & Technology - September/October 2023 - 7
Magnetics Business & Technology - September/October 2023 - 8
Magnetics Business & Technology - September/October 2023 - 9
Magnetics Business & Technology - September/October 2023 - 10
Magnetics Business & Technology - September/October 2023 - 11
Magnetics Business & Technology - September/October 2023 - Saietta e-Drives to Be Manufactured by Avtec in India; to Power AYRO Vehicles in USA – Illustrate Growing Web of Global Production Collaborations for EVs
Magnetics Business & Technology - September/October 2023 - 13
Magnetics Business & Technology - September/October 2023 - 14
Magnetics Business & Technology - September/October 2023 - 15
Magnetics Business & Technology - September/October 2023 - 16
Magnetics Business & Technology - September/October 2023 - 17
Magnetics Business & Technology - September/October 2023 - How One Magnetic Alloy Helped Fight the Covid Pandemic
Magnetics Business & Technology - September/October 2023 - 19
Magnetics Business & Technology - September/October 2023 - Research & Development
Magnetics Business & Technology - September/October 2023 - 21
Magnetics Business & Technology - September/October 2023 - 22
Magnetics Business & Technology - September/October 2023 - 23
Magnetics Business & Technology - September/October 2023 - Product News
Magnetics Business & Technology - September/October 2023 - 25
Magnetics Business & Technology - September/October 2023 - 26
Magnetics Business & Technology - September/October 2023 - 27
Magnetics Business & Technology - September/October 2023 - Industry News
Magnetics Business & Technology - September/October 2023 - 29
Magnetics Business & Technology - September/October 2023 - 30
Magnetics Business & Technology - September/October 2023 - 31
Magnetics Business & Technology - September/October 2023 - Events Calendar/ Advertising Index
Magnetics Business & Technology - September/October 2023 - 33
Magnetics Business & Technology - September/October 2023 - Visions
Magnetics Business & Technology - September/October 2023 - Cover3
Magnetics Business & Technology - September/October 2023 - Cover4
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