North Carolina rare-earth magnet facility, US
Name of the Project
North Carolina rare-earth magnet facility.
Location
Benson, North Carolina, in the US.
Project Owner/s
Rare-earth magnets manufacturer Vulcan Elements.
Project Description
Vulcan Elements will expand its rare-earth magnet facility to 10 000 t of rare-earth magnet manufacturing capacity.
Potential Job Creation
The project will create 1 000 new US jobs.
Net Present Value/Internal Rate of Return
Not stated.
Capital Expenditure
$1-billion.
Planned Start/End Date
Not stated.
Latest Developments
None disclosed.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Vulcan Elements chief of staff Jonah Glick‑Unterman, email Jonah@vulcanelements.com.
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