Evolution Metals & Technologies Corp. has responded to the U.S. Army's request for information to supply rare earth magnets used in small drone motors. The company already produces the N42SH magnet grade specified by the Army and plans to expand its production capacity in Pohang, South Korea, from 1,000 to 10,000 metric tons annually. This move supports U.S. efforts to secure a domestic and allied supply chain for critical drone components, reducing reliance on China. The company also emphasized its readiness to meet strict Army sourcing and traceability standards starting in 2027.
Evolution Metals & Technologies' recent submission to the U.S. Army for rare earth magnets provides context for the Basic Materials sector's performance on Pluang. As of Oct 29, 2026 03:52 WIB, 45 of 83 Basic Materials stocks rose while 37 fell. Among notable movers, International Paper Company (IP) rose 3.12% to USD 34.42 with a typical hold time of 5 days, contrasting with International Flavors & Fragrances Inc. (IFF), which fell 2.86% to USD 90.54 and has a longer typical hold time of 20 days. Corteva Inc. (CTVA) declined 2.75% to USD 11.31, with a strong buy order activity of 89% and a typical hold time of 8 days.
Kirby McInerney LLP is investigating NVE Corporation for possible violations of federal securities laws after the company reported a 47% revenue decline and a 33.7% stock price drop following its Q2 fiscal 2027 results. The revenue fall was attribute...
Fort Technology received a notification from Nasdaq on October 13, 2026, stating it failed to meet the minimum bid price requirement of $1.00 per share over the past 30 days. The company has 180 days, until April 12, 2027, to restore its share price ...
The global mobile battery market, valued at $24.9 billion in 2025, is projected to grow to $45.95 billion by 2035, driven by rising smartphone adoption, 5G rollout, and demand for longer-lasting, fast-charging batteries. Lithium-ion batteries dominat...
SpaceX reported a strong Q3 with revenue up 161% year-over-year to $14.6 billion and a net profit of $4.4 billion, reversing last year's loss. Starlink, its satellite internet service, grew revenue by nearly 70% to $5.2 billion and added 1.6 million ...
Stellar (XLM) has been selected by Securitize, the world's largest tokenization platform managing about $4 billion in traditional assets, to expand blockchain infrastructure for asset managers. This partnership allows tokenized asset issuers to mint ...
