London, April 29th (Argus) - German rare earth recycling company HyProMag is a subsidiary of Canadian mining company Mkango Resources. Mkango announced on Tuesday that it has opened a rare earth magnet recycling and manufacturing plant in Pforzheim, Germany.
The new plant includes a commercial-scale rare earth magnet recycling and production line. It will have an initial production capacity of 100 tons per year of neodymium-iron-boron magnets and alloys. The company intends to increase the production capacity to 350 tons per year.
HyProMag's plant is permitted to produce up to 750 tons per year and is currently evaluating the expansion to this level. The company aims to achieve such expansion within the next three years.
The plant will use HyProMag's magnet waste hydrogen treatment (HPMS) technology, which was developed by the University of Birmingham.
HyProMag's parent company, Mkango Resources, has a rare earth project in Malawi and a proposed rare earth separation plant in Poland. Both projects have been selected as strategic projects by the EU's "Critical Raw Materials Act".
