- The Group becomes part of the global industry association that is committed to creating a safe and innovative rare-earth industry.
According to the company’s website press release on April 26, 2023, Solvay, a global rare earths technology leader, joined the Rare Earth Industry Association (REIA) as part of its plans to develop a major hub for rare earth magnets in Europe. REIA is committed to bringing together expertise from industry, politics, and science to create the conditions for an innovative and resilient rare earth industry. Currently, the network consists of more than 60 partners from countries such as the UK, Germany and France, as well as China, Japan, the USA and Canada.
For decades, Solvay has been the technology leader in rare earths separation, purification, finishing, and formulation. In 2022, Solvay announced plans to expand its rare earths operations in La Rochelle, France to enter the value chain for rare earth permanent magnets in Europe and serve customers in the fast-growing electric vehicles, wind power, and electronics markets.
“We’re thrilled to become part of the well-established and growing REIA community that is focused on the support and growth of the global rare-earth industry,” said Sébastien Méric, Rare Earth Business Director at Solvay. “We look forward to collaborating with the members of the REIA as we are creating a powerful rare-earths hub in Europe in the coming years.”
“We are very pleased to welcome Solvay as a new member of our organization. Solvay is the best-known player in the rare earth chemicals market, and we are proud to collaborate with them to support a diversified, sustainable rare earth industry in Europe and beyond. We look forward to working with them and aim to build a strong partnership,” said Dr Badrinath Veluri, President of REIA.
