Cyclic Materials, a company specializing in the recycling of rare earth metals, has announced the construction of its first commercial plant in Arizona. This initiative aims to reduce the United States’ dependence on mineral imports from China, as well as to increase the supply of critical resources.
This is reported by Finway
According to information, the company, headquartered in Toronto, is investing $20 million in this project, promising to launch the plant by 2026. The facility will be capable of processing up to 25,000 tons of waste, such as scrap from electric vehicles, wind turbines, MRI machines, and other sources, annually.
Recycling Plans and Partnerships
After processing, the materials obtained will be divided into approximately 750 tons of magnets, as well as copper, steel, and aluminum. Cyclic Materials has already secured agreements for the recycling of certain types of secondary raw materials with companies such as Glencore, Solvay, and others.
This initiative is part of broader efforts by Western governments to support the development of domestic production to reduce dependence on Chinese suppliers. Cyclic Materials is actively seeking to capture its share of this market by offering innovative solutions for recycling magnet-containing products made from critical minerals.
Impact on the Labor Market
The new plant is expected to create 30 jobs, further emphasizing the company’s efforts to support the local economy.
“Reducing dependence on imports from China is critical for our economy,” noted a company representative.