Solvay announces the signing of a supply contract with Cyclic Materials, a company specializing in the recycling of advanced metals and the creation of a circular supply chain for rare earths and other critical metals.

This agreement, which extends the partnership established by the memorandum of understanding signed in February 2023, provides for Cyclic Materials to supply the Belgian chemist with recycled mixed rare earth oxides (rMREO) from the end of 2024.

This initiative is part of the proactive measures taken by Solvay since the end of 2022 to establish a European rare earth cluster dedicated to the permanent magnet value chain in La Rochelle, France, in order to strengthen European self-sufficiency.

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