USA Rare Earth Plans $1.2B South Carolina Magnet Manufacturing Facility

URLhttps://www.thomasnet.com/insights/usa-rare-earth-
SourceThomas.net
Date Published06/04/2026

Additional Reshoring Information:

Company/Division name USA Rare Earth
Parent companyUSA Rare Earth
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):490
Year reshoring announced:2026
Year reshoring implemented or to be implemented:2028
Domestically, the work will be done:In-house
Capital investment ($):1200
City reshored to:Blacksburg
State(s) reshored to:SC
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredNdFeB magnets
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Eco-system synergies, Geopolitical Risk, Higher productivity
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