The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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US involvement looking promising:
https://www.nyasatimes.com/chakwera-hosts-us-senators-hails-strong-and-enduring-us-malawi-partnership-during-talks/
Some concerns over budget re mining sector:
https://www.nyasatimes.com/dpp-mp-lipipa-reiterates-his-reservation-with-2024-25-budget-its-populist-but-unrealistic/
I just imagine a 100% recycled magnet economy in the EU and HyproMag potentially being the solution if they now can produce 100% recycled and effective magnets with no need for any raw material input...surely HyproMag is going to be getting a lot of attention from manufacturers that utilise RE magnets in their products now the CRMA is passed. They have legal obligations regarding recycling....
Still media silence from the guys but I reckon a huge amount is going on.... Whilst share wise I'll just nibble away like I have today :)
And:
'Recyclability of Permanent Magnets
One of the measures the Regulation provides for, in Article 27, is the recyclability of permanent magnets. Any company placing MRI devices, wind energy generators, industrial robots, motor vehicles, light means of transport, cooling generators, heat pumps, electric motors, on the market, even if they are integrated in washing machines, tumble dryers, microwaves, vacuum cleaners or dishwashers, will have to ensure that those products bear a label indicating what type of permanent magnets they incorporate, such as neodymium-iron-boron, samarium-cobalt, aluminium-nickel-cobalt or ferrite.
Most importantly, the Regulation says the following information regarding permanent magnets in products will have to be included in the digital product passport (exceptions may apply, for more information refer to Article 27, Paragraph 5):
Contact information of the producer.
Weight, location and chemical composition of all individual permanent magnets included in the product as well as the presence and type of magnet coatings, glues and additives used.
Information enabling access and removal of all permanent magnets incorporated in the product (incl. steps, tools, technologies needed).
Having easy access to these details will not only ensure the longevity of certain household products and promote refurbishment and repair practices but assist raw material extraction processes.
Magnets are vital components found in various household electronics (e.g. speakers, electric motors etc.) and are essential to tap into renewable energy sources. Speakers, for example, produce sound by the interaction of a permanent magnet and electromagnet. While wind turbines use magnets in their generators which play a crucial role in converting the mechanical energy from the spinning blades into electrical energy. In the case of heat pumps, magnets can be found in the electric motors that drive the pumps or fans. Being able to recycle these “common products” is a must to recover valuable materials such as neodymium.
Reinforcing this the importance and scarcity of critical raw materials, after 31 December 2030, a delegated act may lay down minimum recycled content for neodymium, dysprosium, praseodymium, terbium, boron, samarium, nickel and cobalt in the permanent magnet incorporated in the products mentioned above'
https://ce-rise.eu/news/permanent-magnets-digital-product-passport/
'100% Recycled Magnets made with the HPMS Process
by Abeshaa Mahendran of Hypromag
Hypromag utilises the patented HPMS (Hydrogen Processing of Magnetic Scrap) process in order to liberate NdFeB magnet material from end of life components. Through the use of the HPMS process and recycling back to sintered magnets, there is a reduction of 98% in human toxicity and 85% of the energy used when compared to primary production. HyProMag’s current magnet manufacturing scheme uses a small addition of virgin material to ensure the retention of magnetic properties. The work presented herein explores the use of 100% secondary material for creation of magnets, for use in specific applications. Unlocking the potential for 100% recycled magnets has significant downstream benefits, while simultaneously unlocking additional opportunities in the marketplace.'
https://ukmagsoc.org/events/navigating-the-critical-materials-landscape-from-rare-earth-free-magnets-to-magnet-recycling/