Cyclic Materials, a company specialising in the recycling of rare earth elements (REEs), has announced an investment of more than $82m (C$110.86m) in a new rare earth recycling campus in McBee, South Carolina, US. The company plans to establish its second US spoke facility and its largest hub facility at the new site. The facility will have the initial capacity to process 2,000 tonnes per annum (tpa) of magnet material, with future expansion to 6,000t planned. Cyclic Materials' proprietary MagCycle and ...