Business
NOVEON MAGNETICS, KANGWON ENERGY, AND LG ELECTRONICS LAUNCH CLOSED-LOOP RARE EARTH MAGNET RECYCLING INITIATIVE
Noveon Magnetics, Kangwon Energy Co., Ltd., and LG Electronics Co., Ltd. today announced a strategic agreement to advance closed-loop recycling of rare earth permanent magnets, leveraging Noveon's proprietary Magnet-to-Magnet (M2M™) technology. As part of the program's initial phase, the companies will utilize Noveon's technology on end-of-life (EOL) magnets recovered from LG Electronics products to produce new, high-performance magnets for LG products.
About this update from Lg Electronics Inc.
[{"type":"text","content":"Companies to Collaborate Using Noveon's M2M™ Technology on End of Life LG Products to Produce Recycled High-Performance Magnets ","length":131,"tagName":"p","attribs":{}},{"type":"text","content":"SAN MARCOS, Texas, Jan. 6, 2026 /PRNewswire/ -- Noveon Magnetics, Kangwon Energy Co., Ltd., and LG Electronics Co., Ltd. today announced a strategic agreement to advance closed-loop recycling of rare earth permanent magnets, leveraging Noveon's proprietary Magnet-to-Magnet (M2M™) technology. As part of the program's initial phase, the companies will utilize Noveon's technology on end-of-life (EOL) magnets recovered from LG Electronics products to produce new, high-performance magnets for LG products.","length":522,"tagName":"p"},{"type":"image","alt":"Noveon Magnetics (PRNewsfoto/Noveon Magnetics)","displaySize":"","headline":null,"caption":"Noveon Magnetics (PRNewsfoto/Noveon Magnetics)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":252,"url":"https://media.zenfs.com/en/prnewswire.com/43af32ba0cb039a06047f1892a786a5e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/wQvE1wYoFvunuL4yU_bhwg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQ0NDtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/43af32ba0cb039a06047f1892a786a5e","width":400,"height":252}},"href":"https://mma.prnewswire.com/media/2744920/Noveon_Magnetics_Logo__1_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":""This initiative is a major step toward building a more secure and sustainable rare earth supply chain," said Scott Dunn, CEO of Noveon Magnetics. "By partnering with Kangwon Energy to scale our proprietary M2M™ technology and collaborating with LG Electronics, including its eco-friendly rare earth permanent magnet recycling technology, on joint development and validation efforts, we aim to demonstrate the environmental and performance benefits of closed loop rare earth magnet recycling.","length":507,"tagName":"p"},{"type":"text","content":"The program will expand with additional production capacity at a new facility in South Korea that is currently under development through Noveon's joint venture with Kangwon Energy. Collaborating with LG Electronics on technology development and using their products for validation ensures real-world performance data, supporting future a...