BENSON, N.C. , Nov. 18, 2025 /PRNewswire/ -- 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 earth magnet industry and secures an essential supply chain for American economic dynamism and national security.

"North Carolina is a natural home for Vulcan Elements' next stage," said Vulcan Elements CEO John Maslin. "We need to draw on world-class talent, innovation, and inf

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