HyProMag sets up German unit to recycle rare-earth magnets

UK-based recycler HyProMag Ltd has established a subsidiary in Germany to roll out the commercialization of technology to recycle rare-earth magnets into the European market, a shareholder in the British company has said.

Magnito Ltd is a subsidiary of Canadian minerals explorer Mkango Resources, and it holds a 42% stake in HyProMag. According to Mkango, the goal of the new German operation is to strengthen European rare-earth supply chains and accelerate the transition to net-zero carbon emissions. “Both Mkango and HyProMag now have strong...

Published

Andrea Hotter

November 16, 2021

15:40 GMT

New York