RE: One to watch30 Apr 2024 13:50
Blimey ----
We are pleased to share a technical update from HyProMag.
Through continued research & development with University of Birmingham, as well as the improvement of several processing steps, HyProMag Ltd is now able to manufacture recycled magnets exceeding N45 in remanence & SH in coercivity. The technical update shows the hysteresis loops for short loop recycled magnets produced by HyProMag. These milestones represent customer standards for both high coercivity and high remanence applications.
HyProMag Ltd's short-loop recycling route for #NdFeB magnets is underpinned by Hydrogen Processing of Magnet Scrap (HPMS) technology, which was developed at University of Birmingham and provides the solution for liberating magnets from end-of-life scrap streams in a cost effective and energy efficient way. The resulting recycled NdFeB powder can be fed back into multiple points of the #RareEarth supply chain including (short-loop) magnet manufacturing and (long-loop) chemical processing and separation.
Ongoing scale-up and commercialisation of HPMS is supported by extensive piloting with over 3,000 finished magnets produced to date and being tested in a range of applications.
HPMS technology and HyProMag is supported by the Minerals Security Partnership aligned with HyProMag’s growth strategy in UK, Germany, USA, Japan, Canada and other countries.
Following the final approval of the EU Critical Raw Materials Act #CRMA, the EU has set a benchmark that 25% of the annual consumption of critical raw materials should come from #recycled materials. These and other initiatives to create more robust and sustainable supply chains are aligned with HyProMag’s growth strategy in Europe and beyond.
Upcoming milestones include:
- Initial commercial sales of NdFeB targeted for H2 2024
- Commercial production in Germany targeted for 2025
- Completion of the USA feasibility study by end of 2024, with production in 2026
To discuss magnet scrap solutions and purchasing, magnet and other product sales, please contact magnets@hypromag.com
To discuss collaboration and consultation, please contact technical@hypromag.com
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