Mkango to acquire German rare earth recycling plant for $9.4 million
LONDON: Mkango Resources Ltd. has signed an agreement to acquire Heraeus Amloy Technologies GmbH’s rare earth magnet recycling business for €8 million ($9.4 million), the company announced Monday. The acquisition of Remloy includes a fully commissioned plant in Bitterfeld, Germany, that recycles end-of-life rare earth magnets into neodymium-iron-boron alloy powders for bonded and hot deformed magnet markets. The…