Noveon and Solvay Secure Domestic Rare Earth Oxide Supply

On Nov. 12, 2025, Noveon Magnetics and Solvay signed a supply agreement under which Solvay will deliver light and heavy rare earth oxides beginning in 2026.\nSolvay will supply Neodymium-Praseodymium (NdPr), Dysprosium (Dy) and Terbium (Tb) oxides, including material recovered from end-of-life sources, to feed Noveon's finished magnet production.\nThe deal aims to expand near-term domestic capacity for sintered NdFeB permanent magnets and shorten lead times while new U.S. capacity is developed.\nNoveon, currently the only operational U.S. producer of sintered NdFeB magnets and operator of a closed-loop EcoFlux process, will use the oxides to manufacture magnets for electric vehicles, wind turbines, robotics, data storage and defense systems.\nSolvay frames the collaboration as part of a broader effort to secure sustainable, diversified rare earth supply chains by applying its chemistry and recycling expertise.\nAnalysts say such partnerships can accelerate recycling-based feedstocks, reduce reliance on volatile global sources, and improve resilience for high-performance magnet supply at a critical time for electrification and defense industrial needs.