News
19 November 2025

Vulcan selects site for $1bn US magnet facility

In:
Metals and Mining
Region:
Americas

Vulcan Elements is set to invest $1 billion in a new rare earth magnet facility in Benson, North Carolina, aiming to increase its manufacturing capacity by 10,000 metric tonnes. The development follows the company’s $1.4 billion partnership with the United States government revealed...

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