Ionic Technologies, Less Common Metals (LCM) and Ford will establish a demonstration circular supply chain for Rare Earth Elements (REEs) in the UK, by utilising innovative technologies to create high specification magnets containing 100% recycled REEs for use in Electrical Vehicles (EVs).
Ionic Technologies has demonstrated patented technology at the Demonstration Plant in Belfast producing high purity rare earth oxides (REOs) at a rate of 10 tonnes per annum.
At 99.5% purity or higher, the REOs produced are suitable for use in high specification magnets for EVs and other technology contributing towards the UK’s NetZero ambitions.
Albert Slot, Managing Director of LCM commented:
“LCM is thrilled to be working with Ionic Technologies and Ford to establish a demonstration circular supply chain for Rare Earth Elements in the UK by creating high specification recycled REE magnets.
As a world leader with over 30 years of experience, this project aligns with LCM’s values and we look forward to contributing to the UK Green Targets for EVs, which will create an attractive alternative circular supply chain”.