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A startup making rare-earth magnets will open a 1,000-job factory in North Carolina

Vulcan Elements, a Durham-based startup manufacturing rare-earth magnets, says it plans to hire around 1,000 workers at a new $1 billion factory in the town of Benson in Johnston County. Why it ...
The Hill

Trump administration puts $750M toward rare-earth magnets production

Editor’s note: This story has been updated to correct the amount of the loan to ReElement Technologies, which is $80 million. The Trump administration is putting nearly $750 million toward a deal to ...
TechSpot

BMW, GM, and startups are rethinking EV motors to reduce rare-earth dependence

TL;DR: Automakers on both sides of the Atlantic are racing to redesign electric powertrains to use fewer rare-earth elements after repeated supply shocks from China. Instead of relying on permanent ...
Raleigh News & Observer

NC rare earth magnet maker picks Johnston County for $918 million, 1,000-job plant

Vulcan Elements, a North Carolina startup determined to revitalize U.S. production of rare earth magnets, has chosen Johnston County as the site of its first major factory. The N.C. Department of ...
The New York Times

An Auto Holy Grail: Motors That Don’t Rely on Chinese Rare Earths

Weary of being captive to geopolitics, car companies are looking for ways to replace powerful rare-earth magnets in electric motors. BMW is using motors without ...