Ionic Rare Earths (IonicRE) and DNA Link aim to create a sustainable supply chain. They will recycle rare earth materials. This partnership seeks to reduce reliance on Chinese sources. The firms will focus on recycling electronic waste. They will also recycle swarf.
IonicRE’s subsidiary, Ionic Technologies, operates a UK recycling plant. The Belfast facility processes end-of-life magnets. It also handles swarf. The plant produces rare earth oxides. About 10 tonnes are produced annually. These oxides will supply DNA Link.
DNA Link will use the oxides in its new magnet plant. The plant is located in Yesan, South Korea. Operations are set to begin in late 2025. The Yesan facility will produce NdFeB magnets.
NdFeB Magnet Plant to Boost Production
The Yesan plant will produce 1,000 t/yr of NdFeB magnets. These magnets are vital for EV motors. They are also used in wind turbines. Electronics also use them. This facility is a key step. It supports a closed-loop rare earth ecosystem. This ecosystem spans Europe and Asia.
Both IonicRE and DNA Link plan to expand into the U.S. This shows their commitment. They want diverse, local magnet production. The companies will combine their expertise. IonicRE provides recycling technology. DNA Link brings manufacturing ambition.
“This partnership embodies our shared vision,” says DNA Link CEO Jun Young Lee. He wants a full rare earth supply chain. This supply chain will be within Western countries. The deal highlights global efforts. It supports secure mineral supplies. It also helps stable magnet material supply. SuperMetalPrice reports on this development.
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