Niron Magnetics Iron Range Manufacturing Plant
Sector: Fertilizers • Location: Minnesota, United States
Source: Twin Cities Business
Niron Magnetics is planning to establish its third and largest manufacturing facility on Minnesota's Iron Range. The plant aims to produce magnets using Minnesota iron and nitrogen, reducing reliance on rare-earth minerals mostly imported from China. The project includes a $1.8 billion plant expected to employ over 700 workers by 2029, following the construction of a production plant near St. Clou
- Status
- Prospective
- Sector
- Fertilizers, Metal, Manufacturing (Industrial)
- Location
- Minnesota, United States of America
- Updated
- 22 Jul 2026
- Source
- Twin Cities Business
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Project Information
Participants
| Not available for this record. |
Status
Original status | planned |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Niron Magnetics is planning to establish its third and largest manufacturing facility on Minnesota's Iron Range. The plant aims to produce magnets using Minnesota iron and nitrogen, reducing reliance on rare-earth minerals mostly imported from China. The project includes a $1.8 billion plant expected to employ over 700 workers by 2029, following the construction of a production plant near St. Cloud employing 175 people. |
Original sector | Manufacturing |
Budget |
Location
Country | United States of America (USA) |
State | Minnesota |
Source
Source | Twin Cities Business |
URL |
More Details
Record type | Project |
Sector | Fertilizers, Metal, Manufacturing (Industrial) |
Article published date | 2026-07-18 |
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