Post from Myles on X25 Nov 2025 07:33
@MkangoResources #MKA
The lowest cost manufacturer of rare earth magnets outside of China, owing to its proprietary recycling technology which gives it access to very cheap feedstock that no one else can access at comparable extraction costs.
It's currently the only producer of magnets in the UK (it is in the process of scaling up production at its first plant in Birmingham). In fact, HyProMag was explicitly named (and the CEO, quoted) in the Government's document published on the weekend.
As an additional, ex-UK, benefit to the investment - HyProMag is opening up a second magnet recycling/production plant in Germany before Christmas; and is likely to start construction on as many as THREE plants in the US, next year.
HyProMag is also in advanced talks to open plants Japan. Given that:
1) Japan is the largest consumer of magnets outside of China;
2) almost all of its magnets are imported from China(!), and;
3) relations between China and Japan are currently imploding...
...given all of that, one would assume that HyProMag expansion into Japan is now also going to be expedited!