ABB

How Magnets and Batteries are Key to Critical Material Recovery Growth

IDTechEx forecasts that the critical material recovery market value will exceed US$66 billion per year by 2046, as demand, waste volume, and regulatory pressures all grow. Lithium-ion batteries and rare earth magnets are set to become key secondary sources of critical materials, as commercially mature recycling technology capacity scales in anticipation of growing waste volume becoming available in the 2030's.

Noveon Magnetics

Founded in 2012, Noveon Magnetics is a short-loop rare-earth magnet recycler and magnet manufacturer based in Texas, USA. Noveon Magnetics uses a patented powder metallurgy technology to recover, process and regenerate NdFeB magnets. In 2025, Noveon Magnetics has announced several partnerships and production capacity expansions. This update summarizes its latest developments.

Gallox Semiconductors

Gallox Semiconductors is a US start-up established in 2024. It develops gallium oxide technologies for next-generation power electronics.

Parker Lord: Dielectric coating for EV battery

IDTechEx attended a webinar given by Alaina Hull, Global Business Development Manager, in which a UV curable dielectric EV battery coating was presented, called Sipiol UV.