Amazon and Microsoft-backed startup to build Recycling Plant of rare earths in Canada, the ‘rare minerals’ that analysts say gives China upper hand in trade war with the US
- June 11, 2025
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Cyclic Materials, backed by Amazon, Microsoft, and BMW Group, is investing $25 million in an Ontario rare-earths recycling plant and research center. Scheduled to open in early 2026, the facility will extract rare earths from end-of-life products, aiming to secure North America’s supply of critical minerals and reduce reliance on Chinese sources.
