LS Cable & System Plans $689M U.S. Expansion With Rare-Earth Magnet Plant in Virginia
LS C&S will build on its existing U.S. momentum in Chesapeake.
The company already anchors a flagship energy-infrastructure project in the same region.
Learn more about LS Cable & System at https://www.lscns.com.
Rare-Earth Magnet Plant Targets U.S. Supply Chain Resilience
LS C&S will develop a rare-earth magnet plant as a core part of the expansion.
The plant will use refined rare-earth oxides sourced from countries such as Vietnam and Australia.
The company will process those oxides into metallic materials and magnets in the U.S.
This approach aims to expand domestic capacity for a critical component.
Rare-earth magnets play a key role in electric vehicles, wind turbines, and other electrification systems.
LS GreenLink USA Will Produce HV Subsea and Land Cables Starting in 2027
LS C&S will also continue progress on LS GreenLink USA, its major U.S. cable project.
The facility will produce high-voltage submarine and land power cables.
These cables will support offshore wind, grid expansion, and transmission upgrades.
LS GreenLink USA will begin operations in 2027.
The new Chesapeake projects will strengthen that long-term U.S. manufacturing platform.
Company Focuses on Copper Rod, Magnet Wire, and Strategic Materials
LS C&S plans to expand beyond cables and move deeper into high-value components.
The company expects the Chesapeake projects to support:
- Copper rod
- Magnet wire
- Rare-earth magnets
- Strategic materials tied to mobility and clean energy
Gisu Kim, regional president of North America LS C&S, said the strategy reinforces supply chain strength.
He also said the investment supports U.S. energy independence and domestic production capacity.
Rare-Earth Magnet Production Offers a Strategic Growth Opportunity
LS C&S highlighted the global concentration of rare-earth magnet production.
China currently controls a dominant share of global magnet manufacturing.
The U.S. has limited large-scale production capacity today.
LS C&S expects the magnet initiative to become a major growth driver.
The move also positions the company in global clean-energy and mobility supply chains.
It extends the firm’s business beyond cable into strategic materials.
LS C&S Reviews Fine Wire and High-Grade Copper Plans
LS C&S also continues to review options for additional U.S. manufacturing.
The company may add production for fine wire and high-grade copper materials.
LS C&S said it has already supplied fine wire to major OEMs.
Those customers include General Motors and Hyundai Motor Group.
Learn more about General Motors at https://www.gm.com.
Learn more about Hyundai Motor Group at https://www.hyundaimotorgroup.com.
