#United States #Noveon Magnetics #Lynas Rare Earths #U.S. Supply Chain #San Marcos, Texas

Noveon Magnetics and Lynas Rare Earths Form Strategic Partnership

In an exciting development for the rare earth magnet industry, Noveon Magnetics, the sole operational U.S. manufacturer of sintered rare earth magnets, has partnered with Lynas Rare Earths, a global leader in rare earth elements. On October 8, 2025, the two companies announced they signed a Memorandum of Understanding (MoU) to collaborate on establishing a domestic supply chain designed to improve the production and distribution of rare earth permanent magnets in the United States.

This partnership comes at a critical time when the world is facing supply chain disruptions, particularly in the realm of rare earth elements which are essential for various technology sectors, including defense, automotive, and renewable energy solutions. The MoU, while non-binding, sets the stage for further negotiations leading to definitive agreements between the two companies.

A Comprehensive Collaboration

Under the terms of the MoU, Noveon and Lynas will work together to create a comprehensive value chain in the U.S., which includes everything from sourcing separated rare earth oxides to manufacturing high-performance permanent magnets. This strategic initiative encompasses both light rare earth (LRE) and heavy rare earth (HRE) materials, as well as the expansion of metal, alloy, and magnet production capacities. These efforts aim to serve key customers in the defense and commercial sectors, addressing their urgent needs for reliable and sustainable magnet sources.

Scott Dunn, CEO of Noveon Magnetics, expressed optimism about the partnership, stating that this collaboration will leverage both companies' strengths to accelerate the development of a secure and sustainable domestic supply chain. "Together, we can meet immediate economic and national security needs," he emphasized. This sentiment reflects a broader acknowledgment of the crucial role that a resilient supply chain plays for U.S. manufacturers.

Addressing Supply Chain Challenges

The continuous disruptions in the global supply chain have highlighted the urgent need for local production capabilities. This joint initiative responds to growing pressures for autonomy in the rare earth sector, where dependence on foreign sources, particularly from China, has been a concern for U.S. policymakers and businesses alike. Both companies are committed to finalizing contractual agreements that ensure continuity of supply for critical applications.

Lynas CEO Amanda Lacaze reiterated the commitment to sustainable sourcing, explaining how this partnership aligns with the company's growth strategy toward 2030. The integration of Lynas's mining and processing expertise with Noveon’s downstream manufacturing abilities will provide immediate support to U.S. manufacturers looking for a steady supply of high-performance magnets.

Full Transparency in the Supply Chain

A significant benefit of this partnership is the promise of a fully traceable and transparent supply chain. This will not only facilitate efficient magnet distribution but also meet the regulatory and ethical standards expected by end customers. The collaboration aims to prioritize magnets utilized in national defense and essential infrastructure, emphasizing their commitment to supporting U.S. national interests.

Both Noveon and Lynas are determined to work with U.S. policymakers and agencies to safeguard this supply chain, making it scalable and sustainable. "The time to act is now," Dunn remarked, reinforcing the need for decisive action in achieving supply independence.

The Future of Rare Earth Magnets in the U.S.

As the demand for rare earth magnets continues to rise, fueled by advancements in technology and increasing electrification across various sectors, this partnership may very well reshape the domestic landscape of rare earth manufacturing. By combining resources and expertise, Noveon Magnetics and Lynas Rare Earths not only fortify their positions in the market but also pave the way for a more resilient and self-sufficient supply chain.

For further information about Noveon Magnetics, you can visit their website at Noveon.co, and for more about Lynas Rare Earths, check out Lynasrareearths.com.