USA Rare Earth Just Broke Ground on a $1.2 Billion Magnet Complex. Here's Why It Matters.

USA Rare Earth has begun construction on an $1.2 billion rare-earth metal and magnet processing facility in South Carolina, marking a significant step toward becoming a vertically integrated producer. The expansion, combined with mining operations in Texas and Brazil, positions the company to reduce U.S. dependence on Chinese rare-earth materials and strengthen its appeal as a government contractor.