Solvay and Noveon Advance Rare Earth Supply

Solvay and Noveon Magnetics have formalised a supply agreement that will see Solvay deliver both light and heavy rare earth oxides to the U.S. magnet manufacturer from 2026. The arrangement is positioned as a step toward a more stable domestic supply chain for permanent magnets at a time when demand for secure sourcing is rising. Materials provided under the agreement will include Neodymium-Praseodymium, Dysprosium and Terbium oxides, with a portion sourced from end-of-life materials to support more sustainable production pathways.

Noveon intends to use the oxides in its manufacturing of rare earth magnets for a range of industrial customers. The collaboration also aligns with Solvay’s wider rare earth strategy, which aims to reinforce supply resilience in both Europe and the United States. Both parties highlight that the agreement provides near-term production capacity in a market where new domestic facilities generally involve longer lead times and exposure to ongoing global supply risks.

“This agreement strengthens our ability to deliver reliable, American-made magnet solutions to industries that depend on them most. By working with Solvay, we are building a resilient supply chain at a time when the U.S. needs it most.” said Scott Dunn, CEO of Noveon Magnetics.

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