Cyclic Materials’ new site in McBee, South Carolina. Canadian rare earth and metals recycler Cyclic Materials announced Thursday it is investing more than $82M to establish a rare earth recycling campus in McBee, South Carolina. Together, the two companies’ facilities position South Carolina as a strategic hub for rare earth magnet recycling and production in the US, Cyclic said. By scaling regional sourcing and processing of rare earth elements, Cyclic Materials is accelerating domestic deployment of rare earth elements supply infrastructure years faster than traditional mining projects, in addition to being much less resource intensive, it said. The South Carolina project will also be supported by a range of federal and state incentives.