USA Rare Earth Announces $1.2 Billion Investment in South Carolina Magnet Manufacturing Facility

USA Rare Earth plans to invest $1.2 billion to build a magnet manufacturing and refined metals facility in Cherokee County, South Carolina. The new plant is expected to produce 6,400 tonnes per annum of neodymium-iron-boron magnets and create around 490 highly-skilled jobs.

By Shree Mishra Wed, June 3, 2026 at 12:14 PM GMT+3 2 min read · Yahoo Finance · June 3, 2026, 09:14 UTC

Tickers: $USAR

Topics: domestic production job creation manufacturing expansion rare earth metals

Read the full article at Yahoo Finance

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