HyProMag USA Completes Leasing of Rare Earth Magnet Plant, Boosting US Supply Chain

Published: Dec 12, 2025 16:32

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HyProMag USA, a joint venture of CoTec Holdings, has completed the leasing of its rare earth magnet recycling and manufacturing plant located in the Dallas–Fort Worth area of Texas. This milestone supports the establishment of a sustainable rare earth magnet supply chain in the US, aiming to reduce reliance on overseas resources and create approximately 90–100 skilled jobs. The plant will utilize advanced technology to produce recycled magnets and is expected to undergo further expansion and establish pre-processing facilities in Nevada and South Carolina.

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