Mkango Resources Ltd. has successfully completed its acquisition of the Remloy rare earth magnet recycling business from Heraeus Amloy Technologies GmbH for €8 million (approximately US$9.3 million). This strategic move, announced on 31 August 2026, marks a significant step in Mkango’s efforts to enhance its position within the rare earth supply chain in Europe. The transaction includes an initial payment of €5 million, with the remaining €3 million due on 28 August 2028.
Remloy operates a fully commissioned recycling facility in Bitterfeld, Germany, which utilises a melting process to recycle end-of-life rare earth magnets into neodymium-iron-boron (NdFeB) alloy powders. This process complements Mkango’s existing recycling initiatives, including the short loop recycling process of HyProMag and the long loop recycling process of Mkango Rare Earths UK. With a target capacity of at least 500 tonnes per year, Remloy is poised to play a crucial role in the production of high-demand magnet materials.
The acquisition comes at a time when the demand for rare earth materials is surging, driven by their critical applications in various high-tech industries. Mkango’s CEO, William Dawes, expressed optimism about the transaction, highlighting the potential for strengthening the rare earth supply chain and enhancing recycling capabilities in Germany and its neighbouring countries. He noted that Mkango is now uniquely positioned across the entire rare earth supply chain, with operations spanning recycling, magnet and alloy manufacturing in the UK, Germany, and the USA, as well as rare earth separation in Poland and mining activities in Malawi.
David Bender, the newly appointed Managing Director of Remloy, emphasised the company’s readiness to scale up production and meet customer demands. He stated that the synergies within the Mkango Group would enhance their ability to provide a comprehensive range of products, thereby contributing to supply chain resilience and security of supply in the rare earth sector.
As Mkango Resources continues to expand its operations, the integration of Remloy is expected to facilitate growth and innovation in rare earth magnet recycling, positioning the company as a key player in the European market. The strategic acquisition aligns with global trends towards sustainability and the circular economy, as industries increasingly seek to recycle and reuse materials to reduce environmental impact and ensure a stable supply of critical resources.
