SUSMAGPRO stands for Sustainable Recovery, Reprocessing and Reuse of Rare Earth Magnets in a European Circular Economy. The project aims to develop a recycling supply chain for rare earth magnets in Europe and to demonstrate the effective reuse of recycled rare earth materials within several industries.
The project started on June 1, 2019 and will last until November 31, 2023. It includes the installation of a line for the reuse of used NdFeB magnets in the company Magneti Ljubljana d.d. in the direct production of new magnets instead of a share of fresh raw material. The subsidy will be used to set up a line that will allow the reuse of large quantities of spent NdFeB magnets.