With the trade war launched by the United States, the manufacturing field has been living slightly more difficult moments in Canada for a few months. This makes the next news more joyful, while we learn that a young shoot supported by the giants that are Amazon and Microsoft has announced its intention to build a rare land recycling plant and a research center in Canada.
Cyclic Materials will invest 25 million to develop installations in Kingston, Ontario, we learned today (Wednesday) via a press release issued by the company.
Cyclic Materials technology makes it possible to recover the rare earths contained in disused products, in particular wind turbines and hard drives of data centers. The company already has an installation where it performs tests in Kingston.
The demand for rare earths, used in all kinds of products, from smartphones to electric vehicles, soar around the world. China is the largest producer of rare land on the planet and has used its dominant position in the supply chain to retaliate to American customs duties by limiting the exports of these elements. You were also told recently the crisis that takes shape on the horizon concerning rare earths.
This situation has prompted buyers to seek other sources of supply.
Nevertheless, we see a golden opportunity at Cyclic Materials:
“We create a new supply flow for the most critical metals, a safe and local supply. The rare earth elements probably represent a market of 20 to 30 billion worldwide, but they allow to create and supply industries from several dollars downstream. »»
The installation of Kingston, which should come into service during the first quarter of 2026, is designed to convert 500 tonnes of raw materials into a product that contains essential components for magnets used in electric vehicle engines, wind turbines and electronic components for the general public.
The raw materials will come from an installation of Cyclic Materials which is located in Arizona and a network of partners, said the company.
Original Auto123 content.
