Latest Vulcan Elements News & Updates

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Vulcan Elements

Manufacturer of rare earth magnets

vulcanelements.com

Founded year: 2023
Company type: Private company
Number of employees: 70–200
Industry: Non-Gold Precious Metals & Minerals

Last updated Today

Latest news about Vulcan Elements

In short: Vulcan Elements secured major funding and government backing to build a $1 billion rare earth magnet manufacturing facility in North Carolina.

Company announcements

July 15 Vulcan Elements

Vulcan Elements nearly completes concrete pour for massive facility

The 1.1 million square foot facility in Benson, North Carolina will produce rare earth magnets for domestic supply chains.

July 6 Vulcan Elements

Vulcan Elements scales rare earth magnet production outside China

The company supplies best-in-class magnets to defense and commercial customers while building the largest such facility outside China, using advanced technology and talent.

June 9 Vulcan Elements

Vulcan Elements updates on magnet plant construction

The 1.1 million sq ft facility will create 1,000 jobs and secure supply chains.

May 18 Vulcan Elements

Vulcan Elements hosted U.S. Army Secretary Dan Driscoll

They demonstrated rare earth magnet manufacturing and discussed domestic supply chain resilience.

Media coverage

July 16 Barron's

Trump Order to Secure Critical Minerals Supply Chain Underscores Risk to Defense Industry

The order comes as the administration has ramped up efforts to break China’s stranglehold on the min...

June 3 ProPublica

Lawmakers Demand Answers After the White House Initiated a $620M Loan to a Firm Tied to Donald Trump Jr.

A group of lawmakers demanded answers from the White House this week following a ProPublica...

May 28 NPR

White House asked Pentagon to loan money to a company linked to Trump's oldest son

A ProPublica investigation by Robert Faturechi says White House adviser Peter Navarro asked the Pentagon to approve a loan to a rare-earth magnet company in...

April 15 Ars Technica

Vulcan woes will “absolutely” be a factor in Pentagon’s next rocket competition

The US Space Force is still dealing with the near-term implications of the second grounding of United Launch Alliance’s Vulcan rocket in less than two...

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