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Ionic secures £11M UK government backing for rare earth permanent magnets

Funding to create UK supply chain for recycled rare earth permanent magnets with car makers involved

James Stent
UK government visit to Ionic Technologies’ demonstration plant in Belfast

UK government visit to Ionic Technologies’ demonstration plant in Belfast | Credits: Ionic Rare Earths

A consortium led by Ionic Technologies, a wholly-owned subsidiary of Ionic Rare Earths, has been granted £11 million from the UK government to advance the "CirculaREEconomy" project, which aims to create...

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