Strategic Supply Chain Manager – Kumar Shanu

Cyclic Materials are helping the world transition to a more environmentally responsible future by recovering rare earth elements and other valuable materials from the difficult-to-recycle products of the modern world. Helping businesses recycle, provide the market with a secure and regional supply of critical metals, and do so in an ethical, economic, and sustainable way. With the global market for magnet rare earth elements forecast to increase five-fold by 2030, establishing new sources of these critical elements will be vital to support the electrification of the economy across Canada, North America, and the world. Cyclic Materials is positioned to be a key player in developing a circular economy to support the global energy transitions.
Rare earth magnets are used in a range of devices (e.g. electric motors, wind turbines, hard drives to name a few) and many of these devices are currently recycled to capture the value of the base metals, however, no one is capturing these critical metals to recycle them back into the economy. For Cyclic Materials a strategic supply source of magnets from end-of-life devices are old electric motors.

Faculty Supervisor:

Norah McRae

Student:

Partner:

REEcycle

Discipline:

Business

Sector:

Agriculture; Manufacturing; Professional, scientific and technical services; Transportation and warehousing

University:

University of Waterloo; York University

Program: