USA Rare Earth Breaks Ground On $1.2B SC Facility, Targeting 6,400 TPA Magnet Capacity & 490 Jobs
Approximately $1.2 billion investment expected to create about 490 high-skill, high-wage manufacturing jobs in South Carolina’s UpstateBlacksburg facility will serve as a cornerstone of USA Rare Earth’s domestic magnet
USA Rare Earth is building a huge factory in South Carolina that will cost $1.2 billion and create about 490 jobs making special magnets. When a company invests this much money in a new factory, it usually means they believe their business will grow and they're planning for the future.
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