Rare-earth magnet plant in Chesapeake, Virginia
Planned · Virginia · Last reported Dec 2025
Source: The Korea Herald
LS Cable & System is considering building a rare-earth magnet plant in Chesapeake, Virginia, USA, to diversify supply chains and expand beyond its core cable business. The plant would supply rare-earth magnets to major automakers and electrical equipment manufacturers in the US and is planned to be located near an existing submarine cable plant under construction by LS Cable.
- Status
- Prospective
- Sector
- Manufacturing (Industrial), Warehouse, Commercial
- Location
- Chesapeake, Virginia, United States of America
- Updated
- 22 Jul 2026
- Source
- The Korea Herald
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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 | LS Cable & System is considering building a rare-earth magnet plant in Chesapeake, Virginia, USA, to diversify supply chains and expand beyond its core cable business. The plant would supply rare-earth magnets to major automakers and electrical equipment manufacturers in the US and is planned to be located near an existing submarine cable plant under construction by LS Cable. |
Original sector | Manufacturing |
Location
Country | United States of America (USA) |
State | Virginia |
City | Chesapeake |
Source
Source | The Korea Herald |
URL |
More Details
Record type | Project |
Sector | Manufacturing (Industrial), Warehouse, Commercial |
Article published date | 2025-12-17 |
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