The start-ups seeking to challenge China’s stranglehold on rare minerals

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The start-ups seeking to challenge China’s stranglehold on rare minerals - Financial Times

Quick Summary:

Meanwhile, Ahmad Ghahreman, chief executive of Cyclic Materials, pointed out that magnets were brittle and tended to be covered in coatings and were often glued in place.“This makes recovering magnets from end-of-life products challenging,” he said.

HyProMag intends to produce 25-30 tonnes a year after it starts larger scale production at a new, higher capacity plant set to be completed in the second quarter of the year in Tyseley, southern Birmingham.

HyProMag’s technology extracts the magnets containing rare earths, which make up 10-15 per cent of the weight of the hard-disk drives.