Evolution Metals contracts with Senri Trading for non-China NdPr metal supply
EMAT•First shipment received under supply contract
Evolution Metals received a first shipment of 5 metric tons of non-China NdPr metal under its supply contract with Senri Trading.
Material is sourced from SRE Vietnam, a Tokai Trading unit, supporting DFARS-compliant rare earth magnet production ahead of the Jan. 1, 2027 deadline.
Agreement supports planned production expansion
The supply agreement calls for scaled deliveries to support production capacity targeted at about 10,000 metric tons per year by November 2026.
The company also has an equipment order with ULVAC to expand magnet-making capacity.
