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. Noveon Magnetics