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Evolution Metals Says Equipment For Tenfold Rare Earth Magnet Capacity Increase To ~10,000 Metric Tons Arrives In Korea, Commissioning In November; Expects ~$28M Local Grant

Oct 28, 2026 · 08:31 AM ET· updated 1h ago

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Why It Matters

Evolution Metals is setting up new equipment in Korea to make way more magnets. This shows the company is growing, and a grant helps pay for it.

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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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