Vulcan Elements Rare Earth Magnet Factory
Sector: Government • Location: Benson, North Carolina, United States
Source: Raleigh News & Observer
Vulcan Elements is building its first large-scale commercial factory in Benson, North Carolina, to produce rare earth magnets critical for commercial and military products. The project is supported by over $1 billion in funding from the U.S. government and private investors, including equity stakes by the Department of Commerce and Department of Defense. The factory is expected to create 1,000 job
- Status
- Prospective
- Sector
- Government, Manufacturing (Industrial), Aerospace & Defense, Commercial
- Location
- Benson, North Carolina, United States of America
- Updated
- 22 Jul 2026
- Source
- Raleigh News & Observer
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Project Information
Participants
Sponsoring Agency |
Status
Original status | planned |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Vulcan Elements is building its first large-scale commercial factory in Benson, North Carolina, to produce rare earth magnets critical for commercial and military products. The project is supported by over $1 billion in funding from the U.S. government and private investors, including equity stakes by the Department of Commerce and Department of Defense. The factory is expected to create 1,000 jobs with an average minimum salary of $81,932. |
Original sector | Manufacturing |
Budget |
Location
Country | United States of America (USA) |
State | North Carolina |
City | Benson |
Source
Source | Raleigh News & Observer |
URL |
More Details
Record type | Project |
Sector | Government, Manufacturing (Industrial), Aerospace & Defense, Commercial |
Article published date | 2025-12-28 |
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