# USA Rare Earth plans rare earth magnet production facility in the Americas

USA Rare Earth is purchasing equipment to build the only rare earth magnet production facility in the Americas, as part of its efforts to establish a domestic supply chain for rare earth magnets.

- Type: Investment
- Announced: 2020-05-01
- Where: United States
- Status: announced
- Products: rare earth magnets
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [USA Rare Earth, Inc.](https://endata.com/companies/32117.md)

## Sources

- [mining.com](https://www.mining.com/round-top-to-establish-us-rare-earths-supply-chain/), 2020-05-01: "USA Rare Earth is also purchasing the equipment necessary to build the only rare earth magnet production facility in the Americas."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.