Evolution Metals & Technologies secured a supply agreement for non-China NdPr metal to support its expanded 10,000 metric ton rare earth magnet production capacity.
Key Highlights:
- Executed agreement with Senri Trading to purchase NdPr metal sourced from SRE Vietnam, a non-China supplier.
- NdPr purchases enable use of full expanded magnet production capacity of ~10,000 metric tons per year.
- Supply supports production of high-performance permanent magnets for EVs, wind, robotics, defense and aerospace.
- Announcement aligns with upcoming DFARS restrictions banning Chinese-origin rare earth magnets in certain U.S. defense systems from Jan 1, 2027.
Original SEC Filing:
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