Rare earth magnet recycling initiative accelerates closed-loop supply chains

Noveon Magnetics has launched a rare earth magnet recycling initiative with Kangwon Energy and LG Electronics.
The Texas-based magnet producer operates from San Marcos and focuses on advanced magnetic materials.
Meanwhile, the agreement targets closed-loop recycling for rare earth permanent magnets.

Rare earth magnet recycling initiative supports sustainable manufacturing

The rare earth magnet recycling initiative uses Noveon’s proprietary Magnet-to-Magnet technology.
This process converts end-of-life magnets from LG Electronics products into new high-performance magnets.
As a result, LG can reuse recycled magnets across appliances and consumer electronics.

Noveon CEO Scott Dunn highlighted supply security and sustainability as core program drivers.
He emphasized reduced environmental impact and improved performance validation through industry partnerships.
Furthermore, the collaboration strengthens alternative supply chains beyond traditional mining.

South Korea expansion strengthens rare earth magnet recycling initiative

Noveon plans new production capacity through a joint venture with Kangwon Energy in South Korea.
The company develops the facility to scale magnet recycling for commercial adoption.
LG Electronics will validate recycled magnets directly inside its manufacturing processes.

LG Vice President Pilhyun Yoon stressed lifecycle design and circular material performance.
He noted recycled magnets must meet consumer expectations for quality and reliability.
Consequently, real-world testing will support broader industry acceptance.

The rare earth magnet recycling initiative also addresses geopolitical supply risks.
China currently dominates global magnet production and pricing dynamics.
By reclaiming existing materials, Noveon reduces exposure to volatile rare earth markets.

 

SuperMetalPrice Commentary:

The rare earth magnet recycling initiative signals a strategic shift toward resilient material supply chains.
Closed-loop magnet production can reshape pricing stability for neodymium and praseodymium markets.
As demand grows from electric vehicles and electronics, recycling-driven supply could moderate long-term volatility.