Carester and Neo sign binding rare-earth supply term sheet
Carester and Neo signed a binding term sheet for a multi-year European rare-earth recycling, separation and magnet-supply partnership.
Verified eventCaresterAug 31, 2026
Evidence notes
- Caremag would supply separated dysprosium and terbium oxides for Neo's European sintered-magnet production.
- Neo would send magnet-manufacturing swarf to Carester for recycling into recovered NdPr, dysprosium and terbium oxides.
- Neo's Silmet facility would toll-process Carester mixed rare-earth carbonate, retaining light rare earths and returning heavy rare earths.