Vulcan Elements, a Durham-based startup manufacturing rare-earth magnets, says it plans to hire around 1,000 workers at a new $1 billion factory in the town of Benson in Johnston County. Why it ...
TL;DR: Automakers on both sides of the Atlantic are racing to redesign electric powertrains to use fewer rare-earth elements after repeated supply shocks from China. Instead of relying on permanent ...
Vulcan Elements, a North Carolina startup determined to revitalize U.S. production of rare earth magnets, has chosen Johnston County as the site of its first major factory. The N.C. Department of ...
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