Noveon Magnetics Inc.

Noveon Magnetics Inc., founded in 2014, is redefining the Manufacturing and Sustainability sectors with its innovative approach to magnet production. Headquartered in the United States, the company is renowned for its patented Magnet-to-Magnet recycling process, which offers a cost-effective solution for producing high-performance sintered NdFeB magnets from end-of-life and scrap-magnet feedstocks.

Noveon's products are particularly suited for applications requiring superior magnetic performance at elevated temperatures—a critical factor in advanced motor designs. They are equipped to provide detailed magnetic property data to meet specific client requirements.

Recently, Noveon secured a substantial $8.50 billion partnership investment on 21 October 2025 from Lynas Rare Earths, highlighting strong confidence in its sustainable technology and growth potential. This endorsement underpins Noveon's strategic value in a resource-constrained market, positioning it as a key player in the evolving renewable materials domain.