CoTec and Maginito form HyProMag USA joint venture
CoTec Holdings and Maginito formed HyProMag USA as a 50:50 U.S. joint venture to commercialize HPMS magnet recycling.
Evidence notes
- The joint venture was announced on 3 January 2024.
- HyProMag sublicensed its HPMS technology to the U.S. venture.
Company context
US rare-earth magnet recycling and manufacturing joint venture developing finished NdFeB magnet capacity.