# Evolution Metals Expands Pohang Magnet Production

Evolution Metals & Technologies says it has received its first non-China neodymium-praseodymium shipment for its operating magnet production in Pohang, South Korea, and plans to increase annual capacity from about 1,000 to 10,000 metric tons. The company reports that 13 additional ULVAC production machines are scheduled for delivery and installation in November 2026; the expansion depends on financing, facility and power work, commissioning, and feedstock availability. Separately, DFARS sourcing restrictions for covered rare-earth magnets expand across the supply chain on January 1, 2027. The reports describe a potential commercial supply option, not a government solicitation or award, and the company’s promotional claims and projected capacity have not been independently validated.

- Defense contractors and suppliers handling covered magnets should map upstream material sources and confirm traceability against the applicable DFARS sourcing restrictions before the January 1, 2027 effective date.
- Procurement teams can assess Evolution Metals as a potential non-China source, while verifying qualification, available volumes, feedstock provenance, and production readiness rather than treating announced capacity as available supply.
- The planned November 2026 equipment installation may be relevant to supplier-capacity assessments, but the stated expansion remains contingent on financing, facility and power work, commissioning, and feedstock availability.

**Jurisdictions:** federal, international
**Industries:** Defense & Military
**Topics:** Regulatory Compliance
**Published:** October 01, 2026

### Government Entities
- U.S. Department of Defense (DoD)
- Defense Federal Acquisition Regulation Supplement (DFARS)

### Vendors
- Evolution Metals & Technologies Corp. (Rare-earth magnet manufacturer expanding production capacity)
- ULVAC (Production equipment supplier)
- Senri Trading (Counterparty in the non-China NdPr metal supply arrangement)
- SRE Vietnam (NdPr metal source and supplier)

### Sources
- [$EMAT opened September 30 with something most Western defense suppliers cannot honestly claim: non-China rare earth metal already inside an operating magnet factory.

https://t.co/uloZZB2Q7M

China controls 94% of global sintered permanent magnet output according to the IEA. That](https://x.com/TheCapitalJunky/status/2105294321616359802) - twitter-regulatory
- [$EMAT: Most rare earth independence headlines focus on mines. The harder problem, the one nobody is building fast enough, is the factory that turns those materials into finished magnets.

https://t.co/bmEBFUI1JL

What happens when allied nations finally develop ex-China rare eart](https://x.com/MarketPulse360/status/2105300883541995928) - twitter-regulatory
- [$EMAT: What happens to defense procurement when a hard deadline forces buyers to find compliant magnet sources and almost none exist outside China?

January 1, 2027 is that deadline.

https://t.co/4TBolLM2O4

DFARS sourcing requirements for rare earth magnets expand to cover the ](https://x.com/MarketPulse360/status/2105709558060499091) - twitter-regulatory