CoTec and Maginito to launch rare earth magnet recycling joint venture in US
CoTec Holdings Corp. and Mkango Resources Ltd. have announced a 50:50 joint venture to roll out HyProMag’s rare earth magnet recycling technology in the US. HyProMag is a subsidiary of Maginito, which is owned by Mkango and CoTec. The joint venture, HyProMag US, will use HyProMag’s Hydrogen Processing of Magnet Scrap (HPMS) technology to recover…