HyProMag USA Permanent Magnet Recycling and Manufacturing Expansion

planned

HyProMag USA, supported by Mkango Resources and CoTec Holdings, is expanding the detailed engineering phase of its U.S. permanent magnet recycling and manufacturing project. The expansion includes adding a third HPMS vessel at its planned Texas Hub and conducting concept studies to potentially triple capacity across Texas, South Carolina, and Nevada. The project also aims to add complementary long-loop chemical processing to handle additional feedstocks, with a modular design enabling cost-efficient replication and optimization. The expanded capacity and integrated recycling processes could supply about 10% of U.S. NdFeB magnet demand and support reshoring of magnet manufacturing.