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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