Evolution Metals Secures Plans For Nearly 6x Power Expansion To 750 MW And ~$20.7M Korean Grant; Essential Infrastructure For EM&T To Scale From 1,000 Tons To 10,000 Tons Of Rare Earth Magnet Production By End 2026
Agreement provides for expansion of electrical infrastructure serving EM&T’s Pohang operations from the current 130 MW capacity to 750 MW, a nearly six-fold increase in available power capacityEM&T’s expansion
Evolution Metals got permission to build much more electrical power at their factory—like upgrading from a small power line to a huge one—so they can make ten times more rare earth magnets by the end of 2026. When a company invests in bigger infrastructure like this, it shows they believe in their own growth plans, which is worth watching to see if they actually deliver.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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