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N.C. backs Vulcan Elements rare-earth magnet factory
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N.C. backs Vulcan Elements rare-earth magnet factory
Durham-based Vulcan Elements has secured a $620 million federal loan to build a rare-earth magnet factory in Benson, a project expected to create 1,000 jobs. The Trump-backed startup plans to invest nearly $1 billion in the plant, positioning North Carolina as a key U.S. supplier of critical materials for defense and electric vehicles.
·United States
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Leaning Left0Leaning Right0Center1Last UpdatedBias Distribution100% Center
Bias Distribution
- 100% of the sources are Center
100% Center
C 100%
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