Cyclic Materials and VAC Partner to Recycle Magnet Manufacturing By-products
VAC Awarded $111 Million Tax Credit for New Magnet Factory in USA, Makes Recycling Deal with Cyclic Materials
New Power Technology
April 11, 2024
Beyond their battery materials, EVs and hybrid vehicles introduce another set of valuable, recyclable metals: rare earth elements (REEs).
Rare earth elements are a group of 15 metals, notably neodymium and praseodymium, which make up the permanent magnets in electric motors.
REEs are essential to the motors found in hybrid transmissions and the drive motors of EVs, which are powerful yet small and lightweight—accelerating the performance and efficiency of vehicles.
By recycling EV motors and hybrid transmissions, auto recyclers can unlock new value streams and benefit from the growing demand for REEs.
Read the full article on Recycling Today.
