SUSMAGPRO stands for Sustainable Recovery, Reprocessing and Reuse of Rare Earth Magnets in a European Circular Economy. The project aims to develop a recycling supply chain for rare earth magnets in the European Union and to demonstrate the effective reuse of recycled rare earth materials within several industries.
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On 30th September 2021, the European Raw Materials Alliance (ERMA) released its Action Plan to secure access to Rare Earth Elements for European industry. Entitled Rare Earth Magnets and Motors: A European Call for Action, the report outlines current and projected European demand for Rare Earth Elements and steps which should be taken to secure their supply.