Cyclic Materials, an advanced metals recycling company building a circular supply chain for rare earth elements and other critical metals, is partnering with VACUUMSCHMELZE (VAC), a leading developer of magnetic materials and solutions.

The companies have signed an agreement ensuring that by-products containing critical materials used in high-performance permanent magnets will be recycled. This partnership advances efforts to create a local and sustainable supply chain for these magnets, which are critical components for electric vehicles (EVs), hybrid vehicles, wind turbines and modern electronics.

VAC produces rare earth neodymium-iron-boron (NdFeB) magnets. Recently, the company unveiled plans to build a magnet manufacturing plant for its e-VAC Magnetics subsidiary in the US with Department of Defense support.

The companies have agreed to recycle by-products through Cyclic Materials proprietary magnet recycling processes in North America. This joint effort will produce recycled raw materials that have as much as 75% lower carbon footprint compared to mined raw materials, thereby allowing VAC’s customers to source environmentally friendly rare earth magnets with lower Scope 3 emissions.