Companies by role
Rare earth recycling companies in the US
Cyclic Materials runs the first US commercial-scale rare earth magnet recycling plant, in Mesa, Arizona, which opened on Sept 9, 2026 with capacity for 25,000 t/yr of end-of-life components. Noveon Magnetics uses recycled magnet feed in San Marcos, Texas.
ReElement is building an Indiana refinery, HyProMag USA plans a Texas plant for mid-2027, and REEcycle has a stock-market combination pending for its Oklahoma demonstration plant.
Verified through Oct 1, 2026
- Commercial-scale plants
- 1Cyclic Materials, Mesa, Arizona
- Cyclic Mesa capacity
- 25,000 t/yrOf end-of-life components
- Cyclic total equity
- $237M$75M raised in Aug 2026
- HyProMag USA design
- 941 t/yrOf recycled sintered magnets
- USA Rare Earth scrap estimate
- 30%Of future magnetic oxide demand (company)
The definition
What is a rare earth recycling company?
A rare earth recycling company recovers rare earths or magnet material from used products such as EV motors, wind turbines, hard drives and electronic waste, or from industrial scrap, instead of mining ore. Recyclers sit at the start and the end of the chain.
- Magnet recycling
- Separates magnets from products and reprocesses them (Cyclic, HyProMag, Noveon).
- Refining
- Turns recovered material into oxides (ReElement, USA Rare Earth at demo scale).
- Other waste
- Coal ash, tailings and fluorescent bulbs (Tusaar, Rivalia, Phoenix Tailings).
- Related
- Coal and mine waste projects are also on the unconventional sources page.
The comparison
Which US companies recycle rare earths?
Nine US companies recycle or plan to recycle rare earths. The table lists each one's feed, site, process, stated capacity, status and funding; filter by feed to compare magnet recyclers with waste-stream recoverers.
| Company | Feed | Site | Process | Stated capacity | Status | Funding |
|---|---|---|---|---|---|---|
| Cyclic MaterialsMagnet recycler (private) | End-of-life magnets and components (EV motors, wind, electronics) | Mesa, Arizona; South Carolina campus planned | MagCycle mechanical separation; refining planned | Up to 25,000 t/yr of material at Mesa | Plant operating | $75M round (Aug 2026); $237M total equity |
| Noveon MagneticsMagnet maker and recycler (private) | Recycled magnet material | San Marcos, Texas | Powder metallurgy recycling in its EcoFlux process | Part of 2,000+ t/yr magnet capacity | Plant operating | $215M Series C; LG Electronics recycling initiative |
| ReElement TechnologiesRefiner and recycler (American Resources affiliate) | Recycled magnets, e-waste and mined concentrates | Marion and Noblesville, Indiana | Chromatographic refining | Stated goals of 9,000 to over 16,000 t/yr of products | Plant building | OSC $80M conditional loan; $200M equity facility; DoW $25M |
| USA Rare EarthWheat Ridge, Colorado | Recycled magnet scrap (demonstration) | Wheat Ridge, Colorado | Hydrometallurgy | Made dysprosium and NdPr oxide samples from scrap in Jul 2026 | Plant operating | Part of the company-wide Commerce package |
| Phoenix TailingsMetal refiner (private) | Mine tailings, recycled materials and coal fly ash | Exeter, New Hampshire | Separation and metallization | 200 t/yr built; 500 t/yr capacity (company) | Plant operating | Conditional $500M OSC loan |
| HyProMag USAMagnet recycler (Mkango/CoTec venture) | End-of-life NdFeB magnets | Dallas-Fort Worth, Texas | Hydrogen processing of magnet scrap (HPMS) | About 941 t/yr of recycled sintered magnets (updated design) | Plant planned | EXIM letter of interest up to $92M |
| REEcycleUniversity of Houston technology; not profiled | End-of-life NdFeB magnets | Demonstration plant in Oklahoma | Hydrometallurgy developed at the University of Houston | 6 to 8 t/yr of oxide at the demonstration plant; 100 t/yr targeted by 2027 | Commissioning | DoW $5.1M; $400M stock-market combination agreed Jun 2026 |
| TusaarBroomfield, Colorado; not profiled | Coal fly ash, brines, fluorescent bulbs and mine waste | Colorado | Media and chemical recovery processes | Not stated | Developer | None recorded |
| Rivalia ChemicalEnergy Techstars (Alabama) graduate; not profiled | Coal ash | Not stated | Patent-pending extraction method | Not stated | Developer | Completed Energy Techstars in 2022 |
Nothing matches that search.
Capacity figures are company statements and use different bases (tonnes of feed, oxide or magnet). REEcycle, Tusaar and Rivalia Chemical are not profiled yet and have limited public information; REEcycle's Oklahoma plant is shown without a map pin because the sources checked give no city.
Verified Oct 1, 2026 Every row links to a full profile where one exists.
Which US companies recycle rare earth magnets?
Cyclic Materials, Noveon Magnetics, HyProMag USA and REEcycle recycle magnets in the US, and ReElement and USA Rare Earth recover oxides from magnet scrap. Cyclic's Arizona plant opened Sept 9, 2026, and the others are operating, commissioning or planned.
Recycled magnets have an advantage because the rare earths are already separated and alloyed. Cyclic uses mechanical separation first, then plans refining in South Carolina, while HyProMag uses hydrogen to turn scrap magnets into powder that can be sintered into new ones.
How big is US rare earth recycling?
US rare earth recycling is still small: one commercial-scale plant, Cyclic Materials' 25,000 t/yr Mesa facility, and a handful of demonstration plants. More than 7,000 t of end-of-life material had arrived at Mesa by opening, so feed supply, not plant capacity, is the near-term limit.
USA Rare Earth estimates that recycled scrap could meet about 30% of future raw material demand for magnetic rare earth oxides, a company estimate. Cyclic raised $75M in Aug 2026 to build a South Carolina campus, and ERI, an electronics recycler, joined as an investor to secure feedstock.
See rare earth recycling in the US for how the routes differ.
Go deeper
How else can I browse US rare earth companies?
Each page has its own definition and comparison table. The profiles behind them carry the sources.
- 14 Mining companies Miners, project developers, explorers and by-product recoverers.
- 2 Processing and refining Who turns concentrate into separated oxides, and who is building plants.
- 4 Metal and alloy makers Oxide to metal and magnet alloy, the step the US has least of.
- 7 Magnet manufacturers Made-in-USA NdFeB and SmCo magnets, with stated capacity.
- 15 Publicly traded companies Tickers and exchanges, as facts only.
- 9 Private companies Which companies are not public, and who backs them.
- 7 US-listed, projects abroad Companies listed in the US whose projects sit outside it.
- + Ownership map Parents, subsidiaries, ventures and pending acquisitions in one view.
- ↑ Rare earth companies in the US The full directory with every status and role in one table.
- Rare earth recyclingHow magnet, e-waste and hydrogen routes differ
- Unconventional sourcesCoal, red mud, tailings and mineral sands
- Magnet manufacturersWho uses recycled feed
- Private companiesMost recyclers are private
- Rare earth in ArizonaThe Mesa recycling plant
- Government support trackerFunding for recyclers
Questions about rare earth recycling companies in the US
Which US companies recycle rare earths?
Cyclic Materials, Noveon Magnetics, ReElement Technologies, HyProMag USA and REEcycle recycle rare earth magnets or e-waste; Phoenix Tailings, Tusaar and Rivalia work on tailings and coal ash.
Is there a rare earth magnet recycling plant in the US?
Yes. Cyclic Materials opened a commercial-scale magnet recycling plant in Mesa, Arizona on Sept 9, 2026, with capacity for up to 25,000 t/yr of end-of-life components.
Is REEcycle public?
Not yet. REEcycle agreed a business combination with Hall Chadwick Acquisition Corp on Jun 1, 2026 at an equity value of $400M, expected to list on Nasdaq at closing.
What feedstock do rare earth recyclers use?
End-of-life magnets from EV motors, wind turbines and hard drives, electronic waste, industrial magnet scrap, and in some cases coal ash and mine tailings.
Sources and verification
Each profile lists its sources, a confidence grade and a verification date. Order of authority: official records (SEC filings, agency documents), company documents and technical reports, research papers, then independent press. Syndicated copies and reference works are labeled and are never the only source for a number. Company-reported figures are labeled as such, and non-binding deals are labeled "letter of intent" or "conditional".
- Engineering News: Cyclic Materials starts commercial operation (Sept 2026) Independent press
- Engineering News: Cyclic Materials secures another $75M (Aug 2026) Independent press
- REEcycle and Hall Chadwick business combination (Jun 2026) Independent press
- Pulse 2: ReElement raises $25M from the Department of War (Jul 2026) Syndicated copy
- Engineering News: USA Rare Earth produces dysprosium from magnet scrap (Jul 2026) Independent press
- Mkango: HyProMag USA to commence preparatory work (Jun 2026) Syndicated copy
- OSTI review, Minerals Engineering 249 (Kashyap et al., 2026) Research paper
Tags show what kind of source each link is. How sources are ranked