What is the total investment amount and location of USA Rare Earth's new manufacturing facility, and when is it expected to be commissioned?

USA Rare Earth Inc. will invest approximately $1.2 billion in a refined metals and magnet manufacturing facility in Blacksburg, Cherokee County, South Carolina; site work is scheduled to begin in the coming months, with commissioning targeted for 2028.

What are the planned annual production capacities for NdFeB magnets and rare earth metals/alloys at the Blacksburg facility, and how does this contribute to total U.S. domestic output?

The Blacksburg facility is targeted to produce 6,400 metric tons per year of sintered neodymium-iron-boron (NdFeB) permanent magnets and 5,000 metric tons per year of strip-cast metal and alloy; combined with the planned expansion of the existing Stillwater, Oklahoma facility, total domestic output capacity is forecast at 10,000 metric tons per year of NdFeB magnets and heavy rare earth strip-cast, metal and alloy.

USA Rare Earth to Build $1.2B Metal and Magnet Manufacturing Facility in South Carolina

Jun 5, 2026

USA Rare Earth announced a $1.2 billion investment to build a refined metals and magnet facility in South Carolina, targeting 6,400 metric tons of NdFeB magnets by 2028. The project aims to strengthen domestic critical mineral supply chains independent of Chinese dominance.

chemweek

USA Rare Earth to Build Metal, Magnet Manufacturing Facility in South Carolina for $1.2B

chemweek

2026-06-03

USA Rare Earth finalizes deals for up to $1.6 billion in funding under CHIPS Act

2026-06-05

USA Rare Earth to Build $1.2B Metal and Magnet Manufacturing Facility in South Carolina

2026-07-09

Democrats Question Conflict of Interest in USA Rare Earth Federal Investment

2026-07-10

Democrats raise conflict concerns over federal investment in USA Rare Earth