14
Sep
10:25
Maginito, CoTec to launch rare earth magnet recycling JV in US
UK-listed, Canada-based Maginito and CoTec Holdings Corp are forming a 50-50 joint venture to roll out HyProMag’s rare earth magnet recycling technology in the United States, Kallanish finds.
Maginito, jointly owned by Canada’s Mkango Resources (90%) and CoTec (10%), acquired a 100% stake in UK rare earth magnet recycler HyProMag in May 2023. The new JV, called HyProMag US, will sublicence HyProMag’s hydrogen processing of magnet scrap (HPM…
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Very good overview of the weekly steel market.
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