Partnership on Samarium underscores Solvay’s commitment to sustainable and secure supply chains.
Solvay is pleased to announce a new strategic agreement with Permag (US) and Less Common Metals - LCM (UK) to secure a reliable supply of rare earth materials. Through this partnership, Permag, a global leader in high-performance magnetic solutions, can count on a stable and predictable supply of Samarium, which is essential for high-performance magnets and magnetic assemblies.
Sourced from its facility in La Rochelle, France, Solvay brings access to its mixed rare earth concentrates as well as its separation technologies to produce pure Samarium oxides, while LCM contributes with industry-leading metallization process expertise, creating a strong foundation to meet demand over the next 3–5 years.
“Our commitment to sustainable and secure supply chains is paramount,” said An Nuyttens, president of Solvay Special Chem. “By partnering with Permag and LCM, we are taking proactive steps to secure critical rare earth materials in different parts of the world, reinforcing our dedication to providing essential resources for high-performance applications.”
“Our customers’ success is our highest priority,” said Joe Stupfel, CEO of Permag. We are committed to ensuring a reliable supply of materials and providing the dedicated support they need to achieve their goals.”
This agreement is part of Solvay’s broader commitment to sustainable and secure supply chains, both in Europe and abroad, ensuring that critical materials are available for permanent magnets, essential components in electric vehicle motors, renewable energy, advanced electronics and defense systems.
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Solvay, a pioneering chemical company with a legacy rooted in founder Ernest Solvay's pivotal innovations in the soda ash process, is dedicated to delivering essential solutions globally through its workforce of over 9,000 employees. Since 1863, Solvay harnesses the power of chemistry to create innovative, sustainable solutions that answer the world’s most essential needs such as purifying the air we breathe and the water we drink, preserving our food supplies, protecting our health and well-being, creating eco-friendly clothing, making the tires of our cars more sustainable and cleaning and protecting our homes. Solvay’s unwavering commitment drives the transition to a carbon-neutral future by 2050, underscoring its dedication to sustainability and a fair and just transition. As a world-leading company with €4.7 billion in net sales in 2024, Solvay is listed on Euronext Brussels and Paris (SOLB). For more information about Solvay, please visit solvay.com or follow Solvay on LinkedIn.
Permag is a global leader in high-performance magnetic solutions, providing cutting edge materials, precision-engineered components, and the manufacture of advanced magnets and magnetic assemblies to industries where performance matters most. With a rich legacy built by Dexter, MCE, and EEC, the Permag group of companies is committed to driving innovation, delivering superior quality, and solving customers’ toughest challenges.
LCM is a world leader in the manufacture & supply of complex alloy systems & metals. With many years’ experience in the production of materials to tight compositional tolerances and controlled microstructures, LCM offers an innovative and highly flexible approach to a wide range of material requirements.