INDIVIDUAL FACILITIES AND SELECTED SOURCES
Below is basic information about individual facilities in our database and selected sources we've drawn on to support the analysis. To navigate to other sites, use the search page.
Vulcan Rare-Earth Magnet Factory
Vulcan Elements
Benson, NC, USA
-78.526201, 35.374249
The Big Green Machine Site ID: 817
Additional Information:
Sector: EVs
Activity: Manufacturing
Product: Rare Earths
Project Announcement Date: 11/3/2025
Date Commercial Production Started:
Announced Post Inflation Reduction Act: Yes
Target Annual Production: 10000
Operating Status: Planned
Target Jobs: 1000
Capital Investment: $920 million
Congressional District: NC13
Government Subsidies:
Local/State: $99.45 million
Selected Sources:
“Vulcan Elements Forges $1.4 Billion Partnership with the United States Government and ReElement Technologies to Expand 100% Vertically Integrated, Domestic Magnet Supply Chain”, Vulcan Elements, 03 Nov 2025. 🔗
“North Carolina startup Vulcan gets $1 billion for new rare-earth magnets factory”, Zachery Eanes, Axios Raleigh, 03 Nov 2025. 🔗
“Governor Stein Announces Vulcan Elements Selects Johnston County for 1,000-Job Magnet Factory, Investing Nearly $1 Billion in the Town of Benson”, nc.gov, 17 Nov 2025. 🔗
“Vulcan Elements announces plans to build world's largest magnet factory outside of China in Benson”, Adam Wagner, WUNC, 18 Nov 2025. 🔗
“Vulcan Elements Selects Benson, North Carolina, for $1 Billion Magnet Facility”, Vulcan Elements, 18 Nov 2025. 🔗
“Al Williams +1 919 424 8154 al.williams@jll.com”, cdn-website.com, No Date. 🔗
Tracked Expansions, Acquisitions, or Related Sites:
We currently have no related projects tracked for this site.