Mkango’s HyProMag Opens German Magnet Recycling Plant, Bolstering EU Supply Security

Mkango Resources ( (TSE:MKA) ) has provided an update.

Mkango Resources’ subsidiary HyProMag has officially opened a rare earth magnet recycling and manufacturing plant in Pforzheim, Germany, in a ceremony led by a senior representative of the German Federal Ministry for Economic Affairs and Energy. The facility uses patented Hydrogen Processing of Magnet Scrap technology, developed at the University of Birmingham, to produce neodymium-iron-boron magnets and alloys from recycled material.

The plant is permitted for up to 750 tonnes of annual output, with an initial capacity of about 100 tonnes of NdFeB magnets rising toward 350 tonnes and a phased scale-up to full capacity under evaluation over the next three years. HyProMag’s German expansion was highlighted in a new Germany-UK joint statement on critical raw materials, underscoring its strategic role in diversifying magnet supply chains, de-risking inputs for sectors such as automotive, and reinforcing Mkango’s positioning at the center of resilient, sustainable rare earth value chains in Europe and beyond.

More about Mkango Resources

Mkango Resources is a dual-listed rare earths company focused on becoming a leader in recycled rare earth magnets, alloys and oxides through its majority-owned Maginito subsidiary. The group is also developing primary rare earth projects in Malawi and a separation plant in Poland, both designated Strategic Projects under the EU Critical Raw Materials Act, serving demand from electric vehicles, wind turbines and other clean energy technologies.

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