Paladin EnviroTech Harvests Rare Earth Magnets From Iowa Wind Turbines as US Recycling Market Emerges

Highlights

• Paladin EnviroTech recovers roughly 40 tonnes of rare earth magnets annually from retired Iowa wind turbines, with plans to scale to 150 tonnes
• REEx estimates recycling will supply no more than 5% of ex-China rare earth requirements over the next five years due to scrap, cost, and capacity limits
• Only 20% of turbines at Iowa's Highland wind farm contain rare earth magnets, meaning turbine counts significantly overstate recoverable magnet supply
• Three recycling ventures—Paladin, Re-Rewind, and n9ve—show early milestones but none has achieved large-scale, commercially qualified magnet output