# Evolution Metals expands magnet factory in Pohang, South Korea

Evolution Metals & Technologies is expanding its magnet business at its operating facility in Pohang, South Korea, to provide more dependable sources of rare earth magnets amid Chinese trade policy uncertainty.

- Type: Expansion
- Announced: 2026-11-02
- Where: Pohang, South Korea
- Status: under construction
- Products: sintered neodymium-iron-boron magnets
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Evolution Metals & Technologies](https://endata.com/companies/15171.md)

## Sources

- [tradingview.com](https://www.tradingview.com/news/financewire:b7a1ed4c3094b:0-evolution-metals-is-building-magnet-supply-buyers-will-need-once-the-truce-expires-nasdaq-emat/), 2026-11-02: "Evolution Metals is expanding an operating factory as buyers seek more dependable sources."
- [financewire.com](https://financewire.com/2026/11/02/evolution-metals-is-building-magnet-supply-buyers-will-need-once-the-truce-expires-nasdaq-emat/), 2026-11-02: "Evolution Metals is expanding an operating factory as buyers seek more dependable sources."
- [newsdirect.com](https://www.newsdirect.com/newsroom/evolution-metals-is-building-magnet-supply-buyers-will-need-once-the-truce-expires-nasdaq-emat/), 2026-11-02: "Evolution Metals is expanding an operating factory as buyers seek more dependable sources."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.