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USA Rare Earth Commences $1.2 Billion South Carolina Facility
By Stocks Desk · 2026-09-11 · Updated 2026-09-11 18:56 UTC
USA Rare Earth has broken ground on a $1.2 billion magnet facility in Blacksburg, South Carolina, targeting 6,400 tons of annual NdFeB output by 2028. The project, which will create roughly 490 jobs, complements the firm's Oklahoma operations and a new investment in France's Carester to secure a more resilient domestic and allied supply chain.
Per reporting from GN auto stocks/materials, the company is finalizing a minority stake acquisition in France's Carester to fund a processing plant expansion, a strategic move aimed at diversifying the supply chain beyond the new South Carolina site.
Source: Mining.comUSA Rare Earth breaks ground on a 800,000-square-foot plant in Blacksburg, aiming for 2028 commissioning to produce 6,400 tons of NdFeB magnets annually.
Source: tedmag.com
Based on reporting by tedmag.com and Mining.com, compiled by the Tradingbird desk.
