American Rare Earth Magnet Producer to Reinforce U.S. Magnet Supply Chain with Purchase of Light & & Heavy Rare Earth Oxides
BRUSSELS and SAN MARCOS, Texas, Nov. 12, 2025/ PRNewswire/– Noveon Magnetics and Solvay today revealed the execution of a supply contract for light and heavy unusual earth products. Under the stated contract, Solvay will provide Noveon with unusual earth oxides beginning in 2026. The collaboration is a substantial action towards developing a sustainable supply chain for unusual earth long-term magnets.
” This contract reinforces our capability to provide dependable, American-made magnet options to markets that depend upon them most,” stated Scott Dunn, CEO of Noveon Magnetics “By dealing with Solvay, we are constructing a resistant supply chain at a time when the U.S. requires it most.”
Under the regards to this supply contract, Solvay will provide Neodymium-Praseodymium (NdPr), Dysprosium (Dy) and Terbium (Tb) oxides to Noveon. These oxides will be drawn out, to name a few sources, from end of life (EOL) products and advance Noveon’s production of completed unusual earth magnets for essential consumers.
” Partnering with Noveon permits us to use Solvay’s proficiency to provide vital resources for high-performance applications,” stated An Nuyttens, President of Solvay Unique Chem “This partnership becomes part of Solvay’s wider dedication to sustainable and safe and secure unusual earth supply chains, both in Europe and abroad.”
This tactical contract comes amidst increasing need for locally produced unusual earth magnets. By integrating Solvay’s chemistry proficiency with Noveon’s production abilities, the collaboration provides near-term, completely working production capability at a time when brand-new domestic capability deals with long preparations and worldwide supply dangers continue.
About Noveon Magnetics
Noveon Magnetics, the only functional maker of sintered NdFeB unusual earth magnets in the United States and the very first to reshore them in over twenty years. Through its exclusive EcoFlux ™ innovation, Noveon provides a completely domestic, closed-loop magnet production ability that optimizes resource performance, enables the helpful usage of recycled products, and produces exceptional high-performance completed magnets that fulfill the complete series of business and commercial need. Noveon’s items offer a protected and resistant supply chain service for vital applications consisting of electrical automobiles, wind turbines, robotics, motors, pumps, information storage, customer electronic devices, and defense systems. Discover more at https://noveon.co/
About Solvay
Solvay, a pioneering chemical business with a tradition rooted in creator Ernest Solvay’s critical developments in the soda ash procedure, is devoted to providing vital options internationally through its labor force of around 9,000 staff members. Because 1863, Solvay utilizes the power of chemistry to develop ingenious, sustainable options that respond to the world’s most vital requirements such as cleansing the air we breathe and the water we utilize, maintaining our food products, securing our health and wellness, producing environment-friendly clothes, making the tires of our automobiles more sustainable and cleansing and securing our homes. Solvay’s steady dedication drives the shift to a carbon-neutral future by 2050, highlighting its commitment to sustainability and a reasonable and simply shift. As a world-leading business with EUR4.7 billion in underlying net sales in 2024, Solvay is noted on Euronext Brussels and Paris (SOLB). For additional information about Solvay, please check out solvay.com or follow Solvay on LinkedIn.
SOURCE Noveon Magnetics