Ionic Rare Earths ties with Ford in Belfast magnet recycling venture

Ionic Rare Earths said on Tuesday it has received UK government investment to build a commercial rare earth magnet recycling facility in Belfast that will supply Ford's electric vehicle production facilities in the country. The developer will produce high purity, separated rare earth metals at a commercial plant in Belfast, which it will supply to Less Common Metals (LCM) for alloy production, and which will eventually be converted into magnets for Ford's local EV production, it said in an Australian stock exchange release.