USA Rare Earth to build $1.2 billion magnet and metals plant in South Carolina
USA Rare Earth announced a $1.2 billion investment to construct a magnet manufacturing and rare earth metals facility in Cherokee County, South Carolina. The plant is planned to produce 6,400 tonnes per year of NdFeB magnets and 5,000 tonnes of rare earth metals and alloys, with commissioning targeted for 2028. The move complements existing Oklahom…