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Benson|Vulcan Elements|United States|Critical Minerals|North Carolina|Rare-earth Magnets
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benson|vulcan-elements|united-states|critical-minerals|north-carolina|rare-earth-magnets

North Carolina rare-earth magnet facility, US

6th February 2026

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
North Carolina rare-earth magnet facility.

Location
Benson, North Carolina, in the US.

Project Owner/s
Rare-earth magnets manufacturer Vulcan Elements.

Project Description
Vulcan Elements will expand its rare-earth magnet facility to 10 000 t of rare-earth magnet manufacturing capacity.

Potential Job Creation
The project will create 1 000 new US jobs.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
$1-billion.

Planned Start/End Date
Not stated.

Latest Developments
None disclosed.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Vulcan Elements chief of staff Jonah Glick‑Unterman, email Jonah@vulcanelements.com.
 

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

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