Recycling Today JUL 24 / by CHRIS VOLOSCHUK / Read original article
Cyclic Materials has developed its CC360 technology—which has been field tested by a major electronics recycler—to optimize rare earth recovery from hard drives.
Cyclic Materials, an advanced metals recycling company headquartered in Toronto, has received an equity investment from Microsoft’s Climate Innovation Fund, an initiative dedicated to accelerating technology development and deployment of new climate innovations.
Cyclic says the investment is representative of Microsoft’s commitment to a circular economy and interest in hard drive rare earth element recycling.
For the past two years, Cyclic has developed a patent-pending technology, CC360, specifically to address the challenge of recovering rare earths contained in end-of-life hard drives. The company notes that while hard drives typically are sent to an IT asset disposal (ITAD) company at end of life, this disposal process is designed for data destruction, followed by shredding of drives for the recovery of other metals such as gold and silver.
With CC360, Cyclic says ITAD companies can separate a portion of hard drives for rare earth recovery while retaining the rest of the hard drives for their traditional process. The separated magnets then can be processed by Cyclic’s processing technologies, unlocking an additional value stream from hard drive disposal.
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