Rare earth magnet maker pledges $1.2B investment in Cherokee County

By: Jessica Holdman

Outlets: South Carolina Daily Gazette

Published: June 2, 2026

Words: 400

Last Updated: 1 month, 3 weeks ago

Body Text Preview

A company that makes powerful magnets for electric vehicles, semiconductors, satellites, smart phones, robots, MRI machines and more plans to invest $1.2 billion to open a factory in South Carolina.

Cherokee County will be the home of USA Rare Earth, Inc.’s first South Carolina operation, bringing 490 new jobs to the town of Blacksburg.

“South Carolina offered the workforce, the infrastructure and the partners we needed to move quickly,” CEO Barbara Humpton said in a …

Create a free account to access this story and more

Join Plucky Wire to access full stories, collaborate with newsrooms, and discover content from networks around the world.

About

FAQ

Email Us