Evolution Metals & Technologies Corp. has received additional ULVAC magnet production equipment at its Pohang facility, beginning a ten-fold capacity expansion to about 10,000 metric tons annually. This expansion enables the company to supply high-performance rare earth magnets outside China, meeting the January 1, 2027 DFARS rule that bans Chinese-origin magnets in US defense systems. The company reaffirms its fiscal 2027 revenue guidance of $400-$460 million and plans to open the expanded facility in December 2026. This move positions Evolution Metals as a key non-China supplier for defense, drone, and automotive industries amid tightening US trade and defense policies.
Evolution Metals & Technologies Corp.'s magnet capacity expansion is presented here alongside Basic Materials sector data from Pluang as of Oct 15, 2026 19:11 WIB. Among 83 priced US Basic Materials stocks, 52 rose and 29 fell. AngloGold Ashanti Limited (AU) gained 3.34% to USD 91.81 with 95% buy orders and a typical hold time of 49 days, contrasting with Corteva Inc. (CTVA) which dropped 6.94% to USD 12.47 despite 91% buy orders and a short 3-day hold time, while Almonty Industries Inc. (ALM) fell 4.32% to USD 9.75 with a 6-day hold time.
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