Solvay and Cyclic Materials Sign Supply Agreement

Solvay, a leader in rare earth materials supply for catalysis and electronics, and Cyclic Materials, an advanced metals recycling company building a circular supply chain for rare earth elements and other critical metals, announced the signing of an agreement for the supply of recycled mixed rare earth oxide (rMREO) from Cyclic Materials to Solvay, with shipments to begin in late 2024.

This agreement extends the partnership formed by the memorandum of understanding signed in February 2023. Since then, the companies have validated Cyclic Materials’ rMREO product with Solvay’s rare earth separation process. This supply agreement is the culmination of both parties’ active collaboration, which confirmed the technical and commercial viability of Cyclic Materials’ product with an established rare earth chemicals producer.

“This agreement aligns with our sustainable sourcing strategy to provide magnet grades of NdPr and Nd oxides to our customers by early 2025. We support Cyclic Materials’ vision of developing a circular supply chain for rare earths. Through this partnership we are creating a circular loop to reintegrate recycled MREO back into the magnet supply chain,” said An Nuyttens, President of Solvay Special Chem
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For more information: https://www.solvay.com/en/press-release/solvay-and-cyclic-materials-sign-supply-agreement-recycled-mixed-rare-earth-oxide