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EM&T Guides $400M+ Fiscal 2027 Revenue on Korea Magnet Expansion

EM&T (NASDAQ: EMAT) guides fiscal 2027 revenue of $400M-$460M amid Korea expansion, boosting rare earth magnet capacity to 10,000 metric tons. Read more.

This news matters because it highlights a significant step toward diversifying the global rare earth magnet supply chain away from China. EM&T's expansion in Pohang, supported by local grants and infrastructure upgrades, could enhance supply security for critical materials used in electric vehicles, wind turbines, and electronics. The company's Tier-1 OEM certifications and non-China NdPr sourcing demonstrate tangible progress in commercializing high-performance magnets, which are essential for the clean energy transition. As demand for rare earth magnets surges, EM&T's ability to scale production from 1,000 to 10,000 metric tons could position it as a key player in reducing Western reliance on Chinese supply, benefiting manufacturers and governments seeking resilient supply chains.