Australia's Ionic begins rare earths oxides production at Belfast facility

Ionic Rare Earths

19/06/2023 24:53

June 19 (Reuters) - Australia's Ionic Rare Earths
 IXR.AX  on Monday said production of recycled magnet rare earth
oxides had begun at its recycling facility in Belfast.
    The Belfast facility is expected to receive a steady supply
in magnets to be recycled from sources such as end-of-life
turbines from grid scale wind farms and magnets and components
from used electric vehicles and magnetic resonance imaging (MRI)
machines, the company said in a statement.
    Rare earth oxides production at the facility comes less than
nine months after Ionic Technologies, a subsidiary of the
company, received a 1.72 million pound ($2.21 million) grant
from the UK government to develop the magnet recycling
demonstration plant. 
    "Our Belfast facility is key to us harnessing our technology
to accelerate our mining, refining and recycling of magnets and
heavy rare earths which are critical for the energy transition,
advanced manufacturing, and defence," Ionic Managing Director
Tim Harrison said.
($1 = 0.7796 pounds)

 (Reporting by Harish Sridharan in Bengaluru; Editing by Jamie
Freed)
 ((Harish.Sridharan@thomsonreuters.com; Twitter: https://twitter.com/damnit_saladin;))