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How Ionic Technologies Is Leading the UK’s £11M Rare Earth Magnet Supply Chain Breakthrough
9:31am on Monday 14th of July, 2025 AEST
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How Ionic Technologies Is Leading the UK’s £11M Rare Earth Magnet Supply Chain Breakthrough
9:31am on Monday 14th of July, 2025 AEST
Key Points
£11 million UK government funding awarded to Ionic Technologies-led CirculaREEconomy project
Consortium includes Ford, Bentley, Wrightbus, Less Common Metals, EMR, BGS, GKN, and Vacuumschmelze
Focus on recycling and producing high purity rare earth oxides for electric vehicle motors
Project aligns with UK’s DRIVE35 program to electrify automotive supply chains
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