In a significant boost for the domestic supply chain of critical minerals, Cyclic Materials, a leader in advanced metals recycling, has selected Chesterfield County for its first East Coast operation. The Canadian company announced today an investment of over $82 million to establish a new âHub and Spokeâ campus in McBee, S.C., a move expected to create 90 highly skilled jobs.
The new facility will be located in the Alligator Industrial Park and is slated to come online in 2028. It marks a major expansion for the Toronto-headquartered company, which specializes in recycling rare earth elements (REEs)âcritical components used in the production of electric vehicles (EVs), wind turbines, and advanced electronics.
Rare earth elements are essential for modern technology but are notoriously difficult and environmentally taxing to mine. Cyclic Materials uses proprietary technology to source these elements from end-of-life products, such as discarded magnets and electric motors, rather than extracting them from the ground. The new McBee campus will function as a co-located processing and manufacturing site. According to the company, the facility will produce copper, steel, aluminum, and mixed rare earth oxides, effectively returning these valuable materials to the manufacturing supply chain.