Evolution Metals & Technologies Confirms Delivery of All 57 ULVAC Equipment Containers to Pohang Expansion Site, with Commissioning Under Way at the Largest Expected High-Performance Rare Earth Magnet Facility Outside China
Evolution Metals & Technologies confirmed all 57 containers of ULVAC sintered magnet-production equipment have arrived at its expanded Pohang facility in Korea, with commissioning beginning this November. The equipment supports a roughly tenfold capacity increase, from about 1,000 to about 10,000 metric tons of rare earth magnets annually, and the company secured it in months against industry lead times of two years or more ahead of China's November 10 export-control suspension deadline.
Key figures
- Power mw
- 880
- Grant funding usd
- 28000000
- Total market tons
- 360000
- Oem certified grades
- 8
- Current capacity tons
- 1000
- Planned capacity tons
- 10000
- Addressable market tons
- 260000
- Sintered magnet capacity tons
- 6000
- Equipment containers delivered
- 57
- Input material sourced outside china
- more than 50% on site or contracted
AI analysis
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