Belfast company specialising in magnet recycling acquired by Australian business

Description

A Belfast company specialising in techniques for recycling magnets has been acquired by an Australian multinational.

Queen’s University spin-out Seren Technologies has come up with new ways of recycling magnets using a process for the separation and recovery of rare earth elements from mining ore concentrates and waste magnets.

It’s now been taken over by Ionic Rare Earths (IonicRE) and will be rebranded as IonicTech.