Vulcan Elements Rare Earth Magnet Plant
Sector: Aerospace & Defense • Location: Benson, North Carolina, United States
Source: NC Newsline
North Carolina-based defense contractor Vulcan Elements is opening a nearly $1 billion rare earth magnet plant in Benson, Johnston County, North Carolina. The facility will produce advanced neodymium iron boron magnets used in various high-tech applications including smartphones, AI data centers, and military drones. The plant is expected to create 1,000 jobs and significantly boost the local econ
- Status
- Under Construction
- Sector
- Aerospace & Defense, Manufacturing (Industrial), Metal, Government, Steel
- Location
- Benson, North Carolina, United States of America
- Updated
- 22 Jul 2026
- Source
- NC Newsline
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Project Information
Participants
Sponsoring Agency |
Status
Original status | under construction |
Taiyo status | Under Construction |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | North Carolina-based defense contractor Vulcan Elements is opening a nearly $1 billion rare earth magnet plant in Benson, Johnston County, North Carolina. The facility will produce advanced neodymium iron boron magnets used in various high-tech applications including smartphones, AI data centers, and military drones. The plant is expected to create 1,000 jobs and significantly boost the local economy. |
Original sector | Manufacturing |
Budget |
Location
Country | United States of America (USA) |
State | North Carolina |
City | Benson |
Source
Source | NC Newsline |
URL |
More Details
Record type | Project |
Sector | Aerospace & Defense, Manufacturing (Industrial), Metal, Government, Steel |
Article published date | 2025-11-21 |
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