Just the Facts: Ionic Rare Earths and DNA Link partner on magnet recycling in South Korea

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7d ago 2:41

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Proactive’s Tylah Tully breaks down ‘Just the Facts’ of the latest news from Ionic Rare Earths Ltd. The company has signed a non-binding memorandum of understanding (MoU) with DNA Link to collaborate on recycling permanent rare earth magnets in South Korea, the world’s third-largest magnet market. The partnership aims to establish a secure, sustainable and traceable ex-China rare earths supply chain, potentially involving support from the South Korean Government and international stakeholders. The agreement aligns with Ionic Rare Earths’ global expansion strategy for its patented magnet recycling technology. It also supports the development of its Belfast, UK, recycling facility, scheduled to commence operations in late 2026. DNA Link is developing a 1,000-tonne-per-annum neodymium-iron-boron (NdFeB) magnet manufacturing plant in South Korea, set to begin production in 2025. The MoU includes areas of collaboration such as recycling swarf from DNA Link’s facility, offtake agreements for recycled magnet rare earth oxides, potential joint ventures on magnet recycling and supply chain initiatives for NdFeB magnet production in the US. Both companies also plan to seek government support and establish transparent pricing mechanisms. Ionic Rare Earths aims to replicate its Belfast model in international markets, reinforcing its strategy to create a secure and sustainable rare earths supply chain outside China. #IonicRareEarths, #RareEarths, #MagnetRecycling, #SustainableMining, #GreenTech, #EVIndustry, #SupplyChain, #CriticalMinerals, #MiningInnovation, #RareEarthMagnets, #KoreaMining, #CleanTechnology, #MiningPartnership, #RecyclingTechnology, #CircularEconomy, #ExChinaSupply, #NdFeBMagnets, #BelfastPlant, #MiningInvestment, #ResourceSecurity

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