Solvay agrees to supply rare-earth oxides to Noveon from 2026
Solvay agreed to supply Noveon with NdPr, dysprosium and terbium oxides beginning in 2026 for finished rare-earth magnet production.
Evidence notes
- The feedstock agreement covers both light and heavy rare-earth oxides.
- Solvay said some material will be extracted from end-of-life sources.
- The arrangement adds a European oxide source to Noveon's U.S. finished-magnet supply chain.
Company context
Noveon Magnetics manufactures sintered NdFeB rare-earth permanent magnets and magnetic assemblies in San Marcos, Texas, using virgin or recycled feedstock.