Permag partners with Solvay and LCM to secure stable Western rare earth supplies, strengthening long-term Samarium material availability for high-performance magnets.
Permag™, a prominent name in high-precision magnets and magnetic assemblies, has taken a significant step toward strengthening its long-term material security by forming a strategic partnership with Solvay and Less Common Metals (LCM). This new agreement is designed to secure a consistent supply of rare earth materials from Western sources, a crucial requirement for sustaining the production of advanced Samarium-based magnets.
The collaboration brings together the strengths of all three organizations to create a more stable and integrated supply chain for critical materials. Solvay, a well-established player in the rare earth domain, will utilize its mixed rare earth concentrates and advanced separation technologies to deliver high-purity Samarium oxides—an essential input for high-performance magnet manufacturing. Meanwhile, LCM contributes its world-class metallization expertise, which plays a vital role in transforming rare earth oxides into high-quality metals used in precision magnet production. By leveraging the technical capabilities of both partners, Permag secures a robust and predictable flow of Samarium materials for the next three to five years, ensuring that its customers can plan and grow with confidence.
Speaking about this milestone, Joe Stupfel, CEO of Permag, emphasized the company’s unwavering focus on customer success. He noted that Permag remains deeply committed to guaranteeing material reliability and offering comprehensive support so that customers can seamlessly reach their performance and production goals. This new alliance, he added, reflects Permag’s proactive approach toward addressing supply chain vulnerabilities and building resilience in a rapidly evolving global market.
This agreement is not an isolated initiative but part of a broader supply chain strategy pursued by Permag. The company continues to engage with multiple upstream suppliers worldwide to create an even more diversified and secure procurement model. By expanding its network of global partnerships, Permag aims to ensure uninterrupted availability of essential materials today, while simultaneously building a foundation that supports long-term customer needs and future market expansion.
An Nuyttens, President of Solvay Special Chem, also highlighted the importance of this collaboration. He stated that joining forces with Permag and LCM allows Solvay to take concrete steps toward securing critical rare earth supply streams across different regions. This aligns with Solvay’s broader mission to reinforce the availability of key resources necessary for demanding, high-performance applications across various industries.
Through this partnership, Permag is bolstering supply security, enhancing quality assurance, and reinforcing long-term reliability—all essential factors for customers who depend on high-precision magnetic solutions. With these strengthened supply chain foundations, Permag’s clients can maintain their strategic focus on innovation, operational excellence, and business growth, knowing that the company is safeguarding the availability and integrity of the materials at the heart of their technology.
