Industry IntelligenceIndustries

Critical Minerals & Magnets

Facilities that separate, refine, convert, or recover critical minerals into metals, oxides, or chemical compounds, plus facilities manufacturing finished permanent magnets of any chemistry, including magnets made without rare earths. Battery-specific active materials belong in Battery Manufacturing. For other integrated activities, classify by the primary stated output.

Projects
4
Investment
$6.12B
Jobs
3,665
Companies
4
States
3
Geographic Distribution

Projects across the country

Largest announced project
Critical Minerals & Magnets

Redwood Materials

Ridgeville, South Carolina
Investment
$3.50B
Open project →
Largest Announced Job Creator
Critical Minerals & Magnets

MP Materials & Redwood Materials

2 projects tied
Expected jobs
more than1,500
Top investing states

Critical Minerals & Magnets by state

  1. South Carolina
    $4.70B
    2 proj · 1,990 jobs
  2. Texas
    $1.25B
    1 proj · 1,500 jobs
  3. Minnesota
    $169.7M
    1 proj · 175 jobs
Top companies

By announced investment

  1. Redwood Materials
    $3.50B
    1 proj · 1,500 jobs
  2. MP Materials
    $1.25B
    1 proj · 1,500 jobs
  3. USA Rare Earth
    $1.20B
    1 proj · 490 jobs
  4. Niron Magnetics
    $169.7M
    1 proj · 175 jobs
Every tracked project

Critical Minerals & Magnets ledger · 4

  • USA Rare Earth
    Critical Minerals & Magnets
    Blacksburg, South Carolina
    Approximately $1.20B
    Approximately 490 jobs
    Under ConstructionAnnounced Jun 3, 2026
  • MP Materials
    Critical Minerals & Magnets
    Northlake, Texas
    More than $1.25B
    More than 1,500 jobs
    Under ConstructionAnnounced Feb 26, 2026
  • Niron Magnetics
    Critical Minerals & Magnets
    Sartell, Minnesota
    $169.7M
    175 jobs
    Under ConstructionAnnounced Oct 1, 2024
  • Redwood Materials
    Critical Minerals & Magnets
    Ridgeville, South Carolina
    $3.50B
    More than 1,500 jobs
    OperationalAnnounced Dec 14, 2022
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