Vulcan Elements Rare-Earth Magnet Factory
Sector: Manufacturing (Industrial) • Location: Benson, North Carolina, United States
Source: Bloomberg
Vulcan Elements, a startup, aims to build the largest rare-earth magnet factory in the world outside China. The factory will produce powerful rare-earth magnets used in satellites, drones, robotics, and defense technologies. The project will transform a mainly agricultural area in central North Carolina and is supported by both private venture capital and the US government.
- Status
- Prospective
- Sector
- Manufacturing (Industrial), Aerospace & Defense, Government, Raw Materials
- Location
- Benson, North Carolina, United States of America
- Updated
- 22 Jul 2026
- Source
- Bloomberg
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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 | Vulcan Elements, a startup, aims to build the largest rare-earth magnet factory in the world outside China. The factory will produce powerful rare-earth magnets used in satellites, drones, robotics, and defense technologies. The project will transform a mainly agricultural area in central North Carolina and is supported by both private venture capital and the US government. |
Original sector | Industrial Manufacturing |
Budget |
Location
Country | United States of America (USA) |
State | North Carolina |
City | Benson |
Source
Source | Bloomberg |
URL |
More Details
Record type | Project |
Sector | Manufacturing (Industrial), Aerospace & Defense, Government, Raw Materials |
Article published date | 2026-03-22 |
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