Evolution Metals & Technologies
About
About Evolution Metals & Technologies
Evolution Metals & Technologies is building a closed-loop critical-materials chain that converts end-of-life feedstock and concentrates into rare-earth materials, magnets, battery chemicals and recovered precious metals. Its magnet products centre on NdFeB metals, alloys and finished high-performance magnets used in motors and other electrified systems.
The company is transferring commercial processes from South Korean operations into a planned US manufacturing footprint. Its model combines urban mining, midstream separation and downstream production, with current Korean magnet capacity and much larger US capacity presented as an expansion programme rather than completed output.
Supply
Supply chain relationships
- Senri Trading
Inbound - materials and robotics supply chain - Senri Trading contracted NdPr metal from SRE Vietnam for Evolution Metals; an initial shipment was received
Source - SRE Vietnam
Inbound - materials and robotics supply chain - SRE Vietnam's NdPr metal was contracted through Senri for Evolution Metals & Technologies' magnet production
Source
Timeline
Events
- 2026-07-07 - Partnership - Evolution Metals signs non-China NdPr supply contract for magnet production
The agreement covers NdPr metal from SRE Vietnam through Senri Trading and is tied to Evolution Metals & Technologies' permanent magnet production operations. NdPr is a key input for rare-earth permanent magnets used in electric motors for robotics, defense, aerospace, EVs and wind systems. The company has been building non-China magnet capacity and has described a target of roughly 10,000 metric tons of annual rare-earth magnet output.
Source - 2026-01-05 - Acquisition - Evolution Metals completes acquisition of NS World and KCM Industry
NS World produces bonded magnets from NdPr alloy; KCM manufactures NdFeB powder for permanent magnets. The group’s preliminary accounting recorded consideration of US$12.006 million for NS World and US$12.421 million for KCM. The same roll-up included Handa Lab and KMMI, combining monitoring technology with magnet and critical-materials businesses.
Source
Relations
Relationships
- KCM Industry Co., Ltd.
Indirect Group Subsidiary - KCM Industry became part of Evolution Metals & Technologies through Evolution Metals LLC’s acquisition of all voting equity on 5 January 2026.