Recycling

Mkango Magnetics has evolved into a leader in the critical mineral circular economy through its focus on the production of recycled rare earth magnets, alloys, and oxides.

The company has spearheaded the industrialisation of short-loop magnet recycling technology through its subsidiary HyProMag Limited, which specialises in NdFeB magnet recycling and innovative rare earth alloy and magnet production. Mkango Magnetics was previously named Mkango Resources: the name change reflects the company’s transition from being a primary raw material project developer to the core focus now centred on downstream magnet manufacturing and recycling technologies. This transformation is rooted in a strategic vision to increase circularity by recovering rare earth elements from a range of waste streams.

Mkango Magnetics aims to build a resilient rare earth magnet supply chain globally, with its footprint comprising established operations in the United Kingdom through HyProMag Limited and Mkango Rare Earths UK Limited; in Germany, through HyProMag GmbH’s facility in Pforzheim and the Remloy business, based in Bitterfeld; and a growing presence in the United States via the HyProMag USA LLC joint venture.

The core technology being commercialised by HyProMag is the highly energy efficient, patented HPMS technology, used to extract and demagnetise NdFeB alloy powders from magnets embedded in scrap and equipment, allowing them to be recycled. HPMS technology, developed at the University of Birmingham, is being deployed commercially in the UK, Germany, and the United States, with other jurisdictions under consideration. 

To complement these existing capabilities, the Remloy business was acquired by Mkango Magnetics in August 2026, which utilises a medium-loop pyrometallurgical recycling technology to produce magnetic powders specifically designed for use in polymer-bonded NdFeB magnets. This versatile and high-performance class of magnets is created by combining permanent magnet powders with polymer binders. This combination allows for the production of complex shapes and diverse designs, making them ideal for applications requiring specific forms and adaptability.