Collaboration between the Canadian company and Synetiq, a UK-based recycler.
Canadian magnet recycling startup Cyclic Materials signed a collaboration agreement to recycle rare earths from electric and hybrid vehicle motors with UK-based Synetiq, a company specializing in vehicle salvaging. Under the agreement, Synetiq’s salvaging operations in the United Kingdom will supply motors to Cyclic’s demonstration plant in Ontario, Canada. These motors include electric and hybrid vehicle drive motors, as well as auxiliary motors present in all vehicles, such as in windshield wipers or sound systems. Patrick Nee, senior vice president of strategic partnerships and co-founder of Cyclic Materials, highlighted that the deal with Synetiq is a “milestone,” adding that Cyclic aims to expand its network further from North America to Europe.
Rare earth elements can not only be found in electric vehicles.
Supply Chain is Taking Shape
The supply agreement with Synetiq marks Cyclic’s first overseas feedstock agreement. Just recently, the company signed a deal with Belgian chemical company Solvay to supply its facility in France with mixed rare earth oxides for further refining. In the future, rare earths from motors reclaimed in the UK could thus be recycled in Canada and refined in France to eventually supply European carmakers.
Photo: iStock/Aranga87
