Cyclic Materials, an advanced metals recycling company building a circular supply chain for rare earth elements (REEs) and other critical metals, signed a multi-year offtake agreement with Glencore, a global natural resources company, for the supply of copper produced at its Spoke operations. The strategic partnership aims to advance sustainable practices in the rare earths industry and drive copper circularity while addressing the growing demand for securing recycled materials central to the energy transition.

Under the terms of the agreement, Cyclic Materials will provide high-quality copper, which is extracted and processed from recycled electronic scrap. Glencore will further process and refine this copper at the Horne Smelter and Canadian Copper Refinery (CCR) into copper cathode that can be reutilized in new end-products.

Copper is just one of the eight critical materials used in many technologies related to electrification and the energy transition due to its natural conductivity, as defined by the United States Department of Energy. This collaboration aligns with both companies’ commitment to reducing environmental impact and waste through promoting responsible use of all available resources.

Established in 2021, Cyclic Materials’ proprietary technologies are capable of economically and sustainably recovering critical raw materials from end-of-life electric vehicle motors, wind turbines, MRI machines, and data center electronic scrap. Over the past year, the company forged strategic partnerships with key industry leaders such as Solvay, Vattenfall, Synetiq, and VACUUMSCHMELZE to recycle magnets containing REEs and establish a circular supply chain. The company recently announced its oversubscribed US$53-million Series B equity round to expand its global operations.