Solvay and Cyclic Materials announced the signing of an agreement for the supply of recycled mixed rare earth oxide (rMREO) from Cyclic Materials to Solvay, with shipments to begin in late 2024. This agreement extends the partnership formed by the memorandum of understanding signed in February 2023. Since then, the companies have validated Cyclic Materials' rMREO product with Solvay's rare earth separation process.

This supply agreement is the culmination of both parties' active collaboration, which confirmed the technical and commercial viability of Cyclic Materials' product with an established rare earth chemicals producer. An historical and active actor in Rare Earths processing, Solvay is committed to serving customers in the fast-growing electric vehicles, wind power, and electronics markets as of 2025.