The Elements of Innovation Discovered
The Elements of Innovation Discovered
US, Canadian companies sign LOI for recycling REE magnets Metal Tech News Weekly Edition – July 22, 2020
The process of manufacturing and machining the neodymium magnets that go into electric vehicle motors, wind turbine generators, high-fidelity speakers, medical imaging devices, and a multitude of other applications generates up to 30% magnet chips and scrap that need to be recycled.
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 perma...
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