Solvay Secures US Rare Earth Supply with Permag and LCM Deal
Key highlights
Partnership Overview
Solvay has entered a strategic agreement with Permag and Less Common Metals (LCM) to ensure a reliable supply of rare earth materials, specifically Samarium, essential for high-performance magnets.
Supply Chain Details
Samarium will be sourced from Solvay's facility in La Rochelle, France, where the company utilizes its mixed rare earth concentrates and separation technologies to produce pure Samarium oxides.
Industry Expertise
LCM contributes its expertise in metallization processes, strengthening the partnership's ability to meet demand over the next 3–5 years.
Applications and Impact
This agreement supports the availability of critical materials for permanent magnets, which are vital components in electric vehicle motors, renewable energy, advanced electronics, and defense systems.
Source: Solvay