Cyclic Materials said it's investing more than $82 million to establish a rare earth recycling campus in McBee, South Carolina. The new site will host its second U.S. Spoke facility, and the company’s largest Hub facility to date, capable of processing 2,000 tons of magnet material, with a planned expansion to 6,000 tons per year.
The combined Spoke and Hub facility will utilize Cyclic Materials’ proprietary MagCycle and REEPure processes to separate and recover Mixed Rare Earth Oxides (MREO) from end-of-life products that are typically not recycled today. These materials are critical to the production of vehicles, advanced electronics, AI infrastructure, and high-performance permanent magnets used in defense, wind turbines, and advanced manufacturing systems.
The site will initially have the capacity to produce 600 tons of MREO a year, with a planned expansion to produce 1,800 tons to meet growing demand. Deploying such a facility will enable Cyclic Materials to onshore the production of these critical materials in short order, particularly the much-needed heavy rare earths. The expected 1,800 tons of MREO produced by this campus annually would supply REEs equivalent to the material needed in producing 6 million hybrid transmissions per year.
