Cyclic Materials to Build Rare Earth Recycling Plant in South Carolina

Published: Feb 2, 2026 09:47

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[SMM Flash: Cyclic Materials to Build Rare Earth Recycling Plant in South Carolina] Canadian rare earth and metal recycling enterprise Cyclic Materials announced plans to invest over $82 million to construct a rare earth recycling plant in South Carolina. This facility is the company's second announced synergistic plant in the US, with an initial capacity to process 2,000 mt of magnetic material, and the company plans to increase its annual processing capacity to 6,000 mt. The company also stated that the new plant is initially expected to produce 600 mt of mixed rare earth oxides annually, with future capacity potentially expandable to 1,800 mt to meet growing market demand.

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