Mkango Resources Acquires Remloy for $9.3 Million, Adding German NdFeB Alloy Recycling

Highlights

• Mkango paid €5M at closing with €3M deferred to August 2028 for Remloy's Bitterfeld magnet-recycling plant
• Remloy targets 500 tonnes annual NdFeB alloy powder capacity, though commercial scale is expected to take several years
• The acquisition gives Mkango three recycling pathways: short-loop HPMS, medium-loop melt, and long-loop chemical processing
• Remloy arrives with ~345 tonnes of magnets and alloy feedstock, immediately boosting Mkango's inventory position
• The deal connects to Mkango's broader European platform including a proposed Polish separation plant and Malawi's Songwe Hill mine