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: 80–200
Industry: Non-Gold Precious Metals & Minerals

Last updated Today

Latest news about Vulcan Elements

In short: Vulcan Elements secured significant government backing and private funding to build a massive magnet factory 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

September 9 World Today Journal

Don Jr.'s Investment Firm Defies Congressional Probe Into 'Clairvoyant' Profits - World Today Journal

At the center of the congressional inquiry is 1789 Capital’s investment in Vulcan Elements, a startup specializing in rare-earth magnets. The venture firm acquired an...

August 31 MSN

NC fast-tracks power line for $920M rare-earth magnet factory

The North Carolina Utilities Commission, citing national security reasons, is skipping steps in the hearing process to expedite a power line for a Benson factory...

August 12 Law360

Lawmakers Probe Rare Earths Co. Over $620M DOD Loan - Law360

Democratic lawmakers have asked the CEO of Vulcan Elements to address reports that a senior White House adviser pressed defense officials to loan the rare...

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...

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