Vulcan Elements Rare-Earth Magnet Plant
Sector: Warehouse • Location: Benson, North Carolina, United States
Source: WRAL
Vulcan Elements, a Pentagon-backed startup, plans to build a $918 million plant near Benson in Johnston County to expand production of rare-earth magnets. The plant aims to become the biggest factory of its kind outside China, creating up to 1,000 jobs and supported by state and local incentives worth up to $120 million. The project is part of a federal effort to strengthen domestic supply chains
- Status
- Prospective
- Sector
- Warehouse, Manufacturing (Industrial), Government
- Location
- Benson, North Carolina, United States of America
- Updated
- 22 Jul 2026
- Source
- WRAL
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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, a Pentagon-backed startup, plans to build a $918 million plant near Benson in Johnston County to expand production of rare-earth magnets. The plant aims to become the biggest factory of its kind outside China, creating up to 1,000 jobs and supported by state and local incentives worth up to $120 million. The project is part of a federal effort to strengthen domestic supply chains for critical materials. |
Original sector | Manufacturing |
Budget |
Location
Country | United States of America (USA) |
State | North Carolina |
City | Benson |
Source
Source | WRAL |
URL |
More Details
Record type | Project |
Sector | Warehouse, Manufacturing (Industrial), Government |
Article published date | 2025-11-21 |
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