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A startup making rare-earth magnets will open a 1,000-job factory in North Carolina

Vulcan Elements, a Durham-based startup manufacturing rare-earth magnets, says it plans to hire around 1,000 workers at a new $1 billion factory in the town of Benson in Johnston County. Why it ...
The Hill

Trump administration puts $750M toward rare-earth magnets production

Editor’s note: This story has been updated to correct the amount of the loan to ReElement Technologies, which is $80 million. The Trump administration is putting nearly $750 million toward a deal to ...
TechSpot

BMW, GM, and startups are rethinking EV motors to reduce rare-earth dependence

TL;DR: Automakers on both sides of the Atlantic are racing to redesign electric powertrains to use fewer rare-earth elements after repeated supply shocks from China. Instead of relying on permanent ...
The New York Times

An Auto Holy Grail: Motors That Don’t Rely on Chinese Rare Earths

Weary of being captive to geopolitics, car companies are looking for ways to replace powerful rare-earth magnets in electric motors. BMW is using motors without ...
Raleigh News & Observer

NC rare earth magnet maker picks Johnston County for $918 million, 1,000-job plant

Vulcan Elements, a North Carolina startup determined to revitalize U.S. production of rare earth magnets, has chosen Johnston County as the site of its first major factory. The N.C. Department of ...