JLMAG Rare Earth Co

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2025

USA Rare Earth

Neo Magnequench (Neo Performance Materials)

NEO) with a market cap of CA$695M as of 18/11/2025.

Vacuumschmelze

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.

Noveon Magnetics

HyProMag is a spin-out from the University of Birmingham, founded in 2018 and commercializing short-loop NdFeB magnet recycling. HyProMag uses patented hydrogen-processing technology to separate valuable rare earth alloys as powders from waste material, which it subsequently reprocessed to form new NdFeB magnets.

JL Mag

JL MAG is one of the world's largest manufacturers of neodymium-iron-boron (NdFeB) permanent magnets, headquartered in Ganzhou, China. JL MAG produce rare earth permanent magnet products for customers in automotive, energy, industrial, and consumer electronics markets. IDTechEx spoke with Jeff Reyes, business development manager at JL MAG Europe at the Metal and Critical Raw Material Exhibition in Frankfurt, Germany.