USA Rare Earth breaks ground on $1.2B rare earth magnet plant in Blacksburg, South Carolina

USA Rare Earth broke ground on a new rare earth metal and magnet manufacturing facility in Blacksburg, South Carolina. The $1.2 billion investment is expected to create about 490 jobs, with production capacity of 6,400 tpa of sintered NdFeB magnets and 5,000 tpa of strip-cast metal, commissioning targeted to begin in 2028.

“Breaking ground in Blacksburg is an important moment because it moves our vision from plans on paper to infrastructure taking shape.”markets.financialcontent.com

• 1 source
• markets.financialcontent.comAbout Us | Oil & Gas Journal - USA Rare Earth Breaks Ground on Advanced Rare Earth Metal and Magnet Manufacturing Facility in Blacksburg, South CarolinaUSA Rare Earth, Inc.Jun 18, 2019

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