Noveon, Kangwon Energy and LG launch closed-loop magnet recycling initiative
Noveon, Kangwon Energy and LG Electronics agreed to validate new high-performance magnets made from end-of-life LG product magnets using Noveon M2M technology.
Evidence notes
- The initial phase uses magnets recovered from LG products as feedstock for new high-performance magnets intended for LG applications.
- LG will test recycled magnets in household-appliance and consumer-electronics applications to validate strength, quality and sustainability.
- The programme is intended to expand with production capacity at a South Korean facility being developed through Noveon and Kangwon.
Company context
Noveon Magnetics manufactures sintered NdFeB rare-earth permanent magnets and magnetic assemblies in San Marcos, Texas, using virgin or recycled feedstock.