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Two years ago, we chose North Carolina as the home for Vulcan’s first facility. Today, we’re choosing it again.
I’m excited to announce that Vulcan Elements has selected Benson, North Carolina, for our $1 billion rare earth magnet facility.
Thank you to Senator Budd and Governor Stein for joining me this morning for the official groundbreaking.
At this facility, we’ll scale to 10,000 metric tonnes of magnet manufacturing capacity and create 1,000 new American jobs—executing on our $1.4 billion partnership with the United States Government announced earlier this month.
North Carolina has proven that it can deliver what we need most: world-class talent, innovation, and infrastructure.
To anyone who’s hard-working, intellectually curious, and mission-focused: we’re hiring.

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