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Ionic Technologies |
UK Magnet Recycling Gains Momentum with EMR-Ionic Technologies Agreement
EMR and Ionic Technologies partner on rare earth magnet recycling, marking a key development in the UK’s circular economy for critical materials. EMR, a leading UK-based metals recycler, has signed a non-binding supply agreement with Ionic Technologies to deliver end-of-life magnets to its Belfast facility. These magnets will serve as feedstock for Ionic’s rare earth oxide (REO) extraction and separation process.
The Belfast demonstration plant, supported by a £1.7 million grant from the UK’s Advanced Propulsion Centre in 2022, can process 30 tonnes per year of waste magnets to yield up to 10 tonnes of high-purity REOs annually. These include critical materials like neodymium, praseodymium, and dysprosium—essential for electric motors, wind turbines, and defense systems. As EMR and Ionic Technologies partner on rare earth magnet recycling, the project aims to secure domestic REO supply and reduce reliance on Chinese imports.
This latest deal builds on Ionic Technologies’ earlier agreement with South Korea’s DNA Link, which could lead to future REO offtake arrangements. Ionic Technologies, a subsidiary of ASX-listed Ionic Rare Earths, is positioning itself at the forefront of rare earth recycling innovation in Europe. As demand for sustainable and secure REO sources accelerates, EMR and Ionic Technologies partner on rare earth magnet recycling to help meet future supply chain needs.
The Metalnomist Commentary
The EMR-Ionic partnership reflects the strategic pivot toward localised, sustainable sourcing of rare earths. With growing geopolitical tension around REO supply, vertically integrated recycling chains like this one could offer both economic and national security advantages.
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