USA Rare Earth Invests $1.2B in Blacksburg

USA Rare Earth is pouring $1.2 billion into Cherokee County to build a cutting-edge rare earth facility at Bailey Park in Blacksburg, set to launch by April 2028 and create nearly 500 new jobs. This full-service plant will manufacture critical neodymium magnets and refine rare earth metals — vital components for everything from smartphones to defense tech — boosting America’s supply chain independence and offering exciting career opportunities in advanced manufacturing. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/52cd3789a08f88c1