Highlights
- Tianjin Xilian Circular Technology broke ground October 20 on an 80,000-tonne NdFeB scrap recycling facility in Baodi District
- The complex targets 15,000 tonnes of rare earth oxides, 3,000 tonnes of metals, and 3,000 tonnes of magnetic materials annually
- Projected annual output value reaches RMB9 billion (US$1.35 billion), though feedstock contracts and commissioning dates remain unverified
- REEx analysts estimate recycled material is unlikely to account for 10% of ex-China magnet supply before 2030
- The project highlights China's integrated recycling-to-magnet industrial advantage over fragmented Western recycling efforts
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