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Vulcan Elements advances $918M magnet plant with Johnston land purchase

Summary by The Business Journals
Durham-based Vulcan Elements bought 56 acres in Johnston County for $8 million to anchor its planned $918 million rare-earth magnet facility in Benson. The project could create up to 1,000 jobs and is expected to drive significant economic growth and development in the fast-growing region.

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The Business JournalsThe Business Journals
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Vulcan Elements advances $918M magnet plant with Johnston land purchase

Durham-based Vulcan Elements bought 56 acres in Johnston County for $8 million to anchor its planned $918 million rare-earth magnet facility in Benson. The project could create up to 1,000 jobs and is expected to drive significant economic growth and development in the fast-growing region.

·United States
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The Business Journals broke the news in United States on Wednesday, April 8, 2026.
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