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USA Rare Earth, Inc. to Open First SC Location in Cherokee County
The company says the campus will produce rare earth magnets and metals, with operations expected to begin in April 2028.
- On Tuesday, USA Rare Earth, Inc. announced a $1.2 billion investment to build a magnet manufacturing facility in Cherokee County, South Carolina, creating approximately 490 new high-skill jobs in the Upstate.
- The new facility will be located at Bailey Park in Blacksburg and will produce neodymium-iron-boron permanent magnets and refined rare earth metals for defense and commercial applications.
- USA Rare Earth CEO Barbara Humpton called Cherokee County the "next critical link" in the supply chain, aimed at supporting advanced manufacturing for the United States and its allies.
- Operations are expected to begin in April 2028, with Duke Energy South Carolina President Tim Pearson stating the utility is prepared to support such industries with reliable power and infrastructure.
- The company is building a global value chain spanning Brazil, Europe, and the United Kingdom, while individuals interested in joining the team can visit the company's careers page.
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Rare earth magnet maker pledges $1.2B investment in Cherokee County
USA Rare Earth, a company that makes powerful magnets for electric vehicles, semiconductors and more plans to invest $1.2 billion in South Carolina. (Photo illustration by Getty images)A company that makes powerful magnets for electric vehicles, semiconductors, satellites, smart phones, robots, MRI machines and more plans to invest $1.2 billion to open a factory in South Carolina. Cherokee County will be the home of USA Rare Earth, Inc.’s first …
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Total News Sources17
Leaning Left1Leaning Right2Center9Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
C 75%
R 17%
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