Analysis of Vulcan Elements Selects Benson, North Carolina, for $1 Billion Magnet Facility - aVenture Research
Vulcan Elements
Vulcan Elements Selects Benson, North Carolina, for $1 Billion Magnet Facility
Benson, North Carolina —Vulcan Elements has selected Benson, North Carolina, as the location for its $1 billion rare earth magnet facility. At its location in Benson, Vulcan Elements will expand to 10,000 metric tonnes of rare earth magnet manufacturing capacity and create 1,000 new American jobs—executing on the company’s $1.4 billion partnership with the United States Government announced on November 3, 2025. The facility will be a critical asset for the United States as it onshores the rare e
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