StreetWatch: As Washington Puts a 100 Percent Tariff on Foreign Drones, the Magnet Inside Them Comes Into Focus
A new 100% U.S. tariff on foreign drones and a Pentagon rule barring Chinese-origin magnets from defense systems by January 2027 are creating demand for non-China rare earth magnets. Evolution Metals claims it is already producing non-China magnets and recently took delivery of non-China metal, with equipment scheduled to arrive in November to expand capacity to 10,000 metric tons.
Key figures
- Machines ordered count
- 13
- Tariff rate smaller drones
- 25%
- Target annual capacity tons
- 10000
- Target capacity by 2028 tons
- 55000
- Tariff rate sensitive drones
- 100%
- Current disclosed capacity tons
- 660
- Target high performance sintered tons
- 6000
AI analysis
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