Permag Partners with Solvay and LCM to Secure Rare Earth Supply Chain in Europe

Permag Strengthens European Supply Chain

In an important development for stakeholders in the magnet manufacturing sector, Permag, a prominent player in the high-precision magnets market, has taken a significant step to bolster its supply chain. On November 13, 2025, the company announced a strategic partnership with Solvay, a reputable name in specialty chemicals, and Less Common Metals (LCM), known for its metallization expertise. This collaboration aims to secure a consistent supply of rare earth materials essential for creating high-performance magnets.

The agreement focuses on Samarium, a critical material for manufacturing high-performance magnets and magnetic assemblies. Solvay will leverage its advanced technology in processing mixed rare earth concentrates to produce high-purity Samarium oxides. On the other hand, LCM's expertise in metallization will play a pivotal role in ensuring the quality of the materials, providing a formidable basis for Permag to meet customer demand reliably over the next three to five years.

Joe Stupfel, CEO of Permag, emphasized the company's commitment to its customers, stating, "Ensuring a reliable supply of materials is our utmost priority. We are dedicated to supporting our clients in achieving their objectives by securing essential resources." This sentiment underscores the importance of maintaining a steadfast supply chain, crucial for businesses dependent on consistent quality and availability of materials.

This strategic collaboration is aligned with Permag's broader supply chain strategy, which includes ongoing dialogue with upstream suppliers worldwide. The company is proactive in its approach, aiming to provide uninterrupted service to its clients and facilitate their growth without disruptions.

An Nuyttens, President of Solvay Special Chem, recognizes the value of this partnership, remarking, "Through collaboration with Permag and LCM, we are taking decisive actions to ensure the availability of critical rare earth materials across various geographical areas. This initiative reinforces our commitment to supplying essential resources for high-performance applications."

Permag's investment in securing this supply chain is also a testament to its commitment to quality and reliability. With these partnerships, Permag not only assures its clients of steady material supply but also enables them to focus confidently on their growth, knowing that their foundation—the raw materials for their magnets—is secure.

About Permag

Permag stands out as the only Samarium Cobalt magnet producer in North America, and it is recognized globally as a leader in high-performance magnetic solutions. The company is dedicated to providing cutting-edge materials and precision-engineered components alongside advanced magnets and magnetic assemblies for industries where performance is paramount. The legacy of Permag is a composite of contributions from several established names, including Dexter, EEC, and MCE, underlining its continuous dedication to innovation and solving complex customer challenges. By safeguarding the integrity of its supply chain, Permag is not merely supporting its operations but is significantly enhancing the capabilities and growth potential of its customer base.