Rare Earth Permanent Magnet Plant in Chesapeake, Virginia
Sector: Automotive • Location: Chesapeake, Virginia, United States
Source: Dong-A Ilbo
LS Cable & System is reviewing a plan to build a rare earth permanent magnet plant in Chesapeake, Virginia, USA. The project aims to diversify the rare earth supply chain dominated by China and strengthen South Korea-U.S. energy and industrial security. The site is chosen for potential synergies with an existing submarine cable manufacturing plant. The new plant will supply products to major autom
- Status
- Prospective
- Sector
- Automotive, Warehouse, Manufacturing (Industrial)
- Location
- Chesapeake, Virginia, United States of America
- Updated
- 22 Jul 2026
- Source
- Dong-A Ilbo
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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 reviewing a plan to build a rare earth permanent magnet plant in Chesapeake, Virginia, USA. The project aims to diversify the rare earth supply chain dominated by China and strengthen South Korea-U.S. energy and industrial security. The site is chosen for potential synergies with an existing submarine cable manufacturing plant. The new plant will supply products to major automakers and automotive electronics companies. |
Original sector | Industrial |
Budget |
Location
Country | United States of America (USA) |
State | Virginia |
City | Chesapeake |
Source
Source | Dong-A Ilbo |
URL |
More Details
Record type | Project |
Sector | Automotive, Warehouse, Manufacturing (Industrial) |
Article published date | 2025-12-18 |
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