postscategoriesinfoq&aget in touch
discussionsnewsold postslanding

Cyclic Materials Opens America’s First Commercial-Scale Facility Delivering Automated Rare Earth Magnet Recovery

September 10, 2026 - 02:28

Cyclic Materials Opens America’s First Commercial-Scale Facility Delivering Automated Rare Earth Magnet Recovery

MESA, Ariz., September 09, 2026 - Cyclic Materials has officially opened its first commercial-scale facility in Mesa, Arizona, dedicated to recovering rare earth magnets from end-of-life products. The plant represents a significant step forward for domestic supply chains of critical minerals, which are essential for electric vehicles, wind turbines, and electronics.

The new facility can process up to 25,000 metric tons of magnet-bearing products each year. Using automated systems, it extracts and produces the company's Mag-Xtract material, along with valuable byproducts such as copper, aluminum, and steel. This approach reduces reliance on overseas sources for rare earth elements, which are largely controlled by foreign suppliers.

Company officials say the Mesa site is just the beginning. They plan to expand operations further as demand grows for recycled magnet materials. The facility also supports broader efforts to build a circular economy for clean energy technologies, cutting down on mining waste and lowering the carbon footprint of manufacturing.

Local leaders welcomed the opening, noting the jobs and economic activity it brings to the region. The plant is expected to create dozens of skilled positions, with room for growth. Cyclic Materials highlighted that the site is the first of its kind in the country, setting a benchmark for future recycling infrastructure.

With this launch, the company aims to work closely with automakers, electronics manufacturers, and other industries that rely heavily on rare earth magnets. The goal is to secure a steady, reliable supply of these materials without depending on unpredictable global markets.


MORE NEWS

Dow Stock Rises as Q3 Earnings Show Margin Recovery

October 24, 2026 - 17:50

Dow Stock Rises as Q3 Earnings Show Margin Recovery

The market liked what it saw. Dow stock closed at $32.61 on Friday, up 2.5% on the day, as traders rushed to price in fresh Q3 2026 numbers. The headline is simple. A volatile chemicals cycle met...

CoreWeave Slides Toward Third Weekly Drop as AI Financing Worries Hit Stocks and Bitcoin

October 24, 2026 - 04:27

CoreWeave Slides Toward Third Weekly Drop as AI Financing Worries Hit Stocks and Bitcoin

Bitcoin traded near $81,400 on Friday, little changed on the day and roughly where it ended last week, as investors weighed fresh concerns about how the artificial intelligence buildout will be...

PNC Executive to Speak at BancAnalysts Association of Boston Conference

October 23, 2026 - 19:01

PNC Executive to Speak at BancAnalysts Association of Boston Conference

The PNC Financial Services Group has announced that its Executive Vice President and Chief Financial Officer, Robert Q. Reilly, will speak at the BancAnalysts Association of Boston Conference. His...

Kinsale Capital Group Names New Finance Chief as Longtime CFO Steps Down

October 22, 2026 - 21:02

Kinsale Capital Group Names New Finance Chief as Longtime CFO Steps Down

Kinsale Capital Group has announced a change in its top finance role, confirming that its chief financial officer will step down and hand over duties to a successor. The transition marks a notable...

read all news
postscategoriesinfoq&aget in touch

Copyright © 2026 Fundyi.com

Founded by: Zavier Larsen

discussionssuggestionsnewsold postslanding
cookie policytermsprivacy