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(4) stories found containing 'usa rare earth recycling pact'


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  • Forte Mobility Geomega Resources Everwin Magnetics REE magnet recycling

    Canadian rare earth magnet recycling pact

    Shane Lasley, Metal Tech News|Updated Jul 10, 2022

    Geomega Resources Inc. has entered into a preliminary agreement to recycle rare earths from a neodymium-iron-boron magnet production facility Everwin Magnetics Co. is developing in Ontario, Canada. Everwin is a subsidiary of Forte Mobility Co., a private company established in 2019 to design and manufacture customized electric buses and vans for public transit agencies and fleet customers in North America. Toward this goal, the company recently acquired a 435,659-square-foot...

  • Chess strategy United States US China trade war minerals metals

    Texas congressmen craft rare earths bill

    Shane Lasley, Metal Tech News|Updated Jul 10, 2022

    A pair of Texas congressmen, Republican Lance Gooden and Democrat Vicente Gonzalez, have introduced the Reclaiming American Rare Earths Act, bipartisan legislation aimed at reducing America's dependence on China for rare earth elements and other critical minerals. The United States depends on foreign countries for more than 50% of its supply of 31 of the 35 minerals considered critical to the nation's economic wellbeing and national security, including 100% import-reliant for...

  • Neodymium REE magnet imports high tech EV motors wind energy

    Magnets are rare earth feed for Geomega

    Shane Lasley, Metal Tech News|Updated Jul 10, 2022

    It is estimated that upwards of US$13.8 billion of rare earth magnets are imported into the United States each year, which is creating a stockpile of some of the most widely used rare earth elements. These powerful REE magnets are used in a wide variety of applications – high-performance motors in electric vehicles, wind turbines and generators, medical magnetic resonance imaging (MRI), and high-fidelity speakers to name a few. Canada-based Geomega Resources Inc. has d...

  • USA Rare Earth Geomega Resources LOI to recycle neodymium REE magnets

    Geomega, USA Rare Earth recycling pact

    Shane Lasley, Metal Tech News|Updated Jul 10, 2022

    Already involved in nearly every facet of the rare earth supply chain, from mining these technology elements to manufacturing powerful REE magnets, USA Rare Earth LLC has cut a deal with Geomega Resources Inc. to recycle these metals. Under a letter of intent signed by the companies on July 15, Quebec-based Geomega would recycle rare earth-containing waste from producing neodymium-iron-boron permanent magnets at a facility New York-based USA Rare Earth is planning to build in...