Benson rare earth magnet factory
Vulcan Elements Inc., Benson, Johnston County, North Carolina
Benson rare earth magnet factory in Benson, North Carolina is Vulcan Elements Inc.’s plant for neodymium iron boron rare earth magnets. Status: announced as of November 18, 2025. Vulcan Elements Inc. announced $918 million and 1,000 jobs. Primary source: governor.nc.gov, checked November 12, 2026.
- Status
- Announced
- Announced investment
- $918 million
- Announced jobs
- 1,000
- Industry
- Electrical equipment
- Sheet
- NC-53
- Revised
- November 12, 2026
Status timeline
- Announcedgovernor.nc.gov
Filled dots are confirmed by a company, state, SEC or federal source. Dashed dots come from news reports only. Investment and job figures are as announced, not achieved.
Plant facts
| Company | Vulcan Elements Inc. |
|---|---|
| Plant | Benson rare earth magnet factory |
| Location | Benson, Johnston County, North Carolina |
| Industry | Electrical equipment |
| Product | Neodymium iron boron rare earth magnets |
| Announced investment | $918 million |
| Announced jobs | 1,000 |
| Last checked | November 12, 2026 |
Sources
- Vulcan Elements selects Johnston County for magnet factory (state release, governor.nc.gov, checked November 12, 2026)
Something changed? Send a correction with a link and we'll recheck it.