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Stock impact report

Vulcan Elements has the connections. Now can it launch its NC magnet factory? [Yahoo! Finance]

MP Materials Corp. (MP) 
Company Research Source: Yahoo! Finance
One year ago, on the eve of America's tariff-fueled trade war with China, Vulcan Elements showcased its pilot production facility in a ceremony featuring a U.S. congressman, Durham's mayor, and North Carolina's top economic leader. This speaker lineup was notable for a 2-year-old Research Triangle Park company, especially one with fewer than 20 employees and a 30-year-old CEO who, up to that point, had received next to no media coverage. Since then, Vulcan has added backing from the Pentagon, the U.S. Department of Commerce, and Donald Trump Jr. (more on that below). And, the company told me this week, around 80 new employees. Whether its links to power will lead to its promised 1,000-worker rare earth magnets factory in Johnston County is a $918.1 million question , one that has North Carolina taxpayer dollars at stake. Vulcan envisions this future factory south of Raleigh will be the largest rare earth magnets plant outside of China, capable of producing 10,000 metric tons ea Show less Read more
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