USA Rare Earth Launches $1.2B South Carolina Facility
USA Rare Earth has broken ground on a $1.2 billion facility in Blacksburg, South Carolina, targeting 6,400 tons of annual magnet production and 5,000 tons of strip-cast metal by 2028. This site, chosen from nearly 275 contenders, is set to create 490 jobs and serves as a cornerstone for the company's integrated domestic supply chain.
According to GN auto stocks/materials: rare earths, the new Blacksburg site will also produce 5,000 tons annually of strip-cast metal and alloy alongside the magnets. The company highlighted that it selected this 124-acre location after evaluating nearly 275 potential sites nationwide, citing the region's skilled workforce and infrastructure.
Source: GN auto stocks/materials: rare earthsAccording to GN auto stocks/materials: rare earths, the facility is specifically designed to produce 6,400 metric tons of NdFeB magnets and 5,000 metric tons of metal and alloy, with a target commissioning date of 2028. This expansion represents a concrete step in the company's 'mine to magnet' strategy, aiming to bolster domestic supply chains for defense and semiconductor sectors.
Source: GN auto stocks/materials: rare earthsUSA Rare Earth has broken ground on a $1.2 billion facility in Blacksburg, targeting 6,400 tons of annual magnet production.
Source: GN auto stocks/materials: rare earths
