Cyclic Materials

Cyclic Materials is a rare earth magnet recycler founded in 2021 and based in Ontario, Canada. Cyclic Materials recovers rare earth oxides from end-of-life magnets using patented Mag-Cycle℠ and REEPure℠ technologies - a hydrometallurgical extraction process. Rare earth magnets are sourced from manufacturing scrap (swarf), EV rotors, wind turbine generators, and electronics waste. IDTechEx spoke with Patrick Nee, Co-Founder and SVP of Strategic Partnerships.