HyProMag Advances Rare Earth Magnet Recycling with HPMS Technology

EastCoal ( (TSE:CTH) ) has shared an update.

HyProMag, a subsidiary of EastCoal, has achieved significant technical milestones in its advanced pilot program for recycling rare earth magnets using Hydrogen Processing of Magnet Scrap (HPMS) technology. This progress supports the scale-up and commercialization of rare earth magnet production in the UK, Germany, and the USA, with implications for reducing carbon footprints and enhancing recycling efficiency. The company has optimized its processes for various scrap sources, produced commercial-grade magnets, and collaborated with industry partners to test and verify the performance of recycled magnets, positioning itself as a leader in sustainable magnet production.

More about EastCoal

EastCoal is involved in the rare earth magnet industry, focusing on the production and recycling of rare earth magnets using innovative technologies. Their primary product is domestically sourced and short-loop recycled rare earth magnets, with a market focus on the UK, Germany, and the USA.

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