MP Materials Establishes Major Rare Earth Magnet Manufacturing Campus in Northlake, Texas

MP Materials Corp. has announced the development of a $1.25 billion rare earth magnet manufacturing campus, named "10X," in Northlake, Texas. This facility, strategically located less than ten miles from MP's existing Independence facility in Fort Worth, is expected to create over 1,500 jobs and significantly enhance the domestic production capacity of neodymium-iron-boron (NdFeB) magnets, crucial for technologies such as electric vehicles, robotics, and semiconductor manufacturing. Once operational, 10X will contribute to a total annual production capacity of approximately 10,000 metric tons of rare earth magnets.

MP Materials Selects Northlake, Texas for $1.25 Billion Rare Earth Magnet Manufacturing CampusMP Materials Selects Northlake, Texas, as the Site of “10X,” a New U.S. Rare Earth Magnet Manufacturing CampusMP Materials Plans $1.25B Rare Earth Magnet Campus In DFW SuburbMP Materials To Build '10X,' a $1.25B Rare Earth Magnet Manufacturing Campus in North TexasCNBC

The establishment of the 10X campus is part of a broader initiative to bolster U.S. supply chain independence for critical minerals, particularly in light of China's dominance in this sector, where it controls over 90% of processing and manufacturing. The project aligns with a public-private partnership MP Materials formed with the U.S. Department of War in July 2025, aimed at accelerating domestic magnet production capabilities. This partnership includes a 10-year offtake agreement, providing long-term demand certainty for the magnets produced at the new facility.

MP Materials To Build '10X,' a $1.25B Rare Earth Magnet Manufacturing Campus in North Texas

The project has received substantial support from state and local governments, with an incentive package valued at approximately $200 million. This includes over $66 million in grants from the Texas Enterprise Fund and the Texas Semiconductor Innovation Fund, as well as tax abatements and exemptions from Denton County and the City of Northlake. Texas Governor Greg Abbott emphasized the importance of this investment in advancing the state's semiconductor manufacturing independence and creating high-quality jobs.

Governor Abbott Announces MP Materials Rare Earth Magnet Manufacturing Expansion In Northlake | texasinsider

The 10X facility will incorporate next-generation manufacturing technologies, including MP Materials' proprietary Grain Boundary Diffusion (GBD) process, which aims to reduce or eliminate the need for heavy rare earth elements while maintaining high performance. The raw materials for production will be sourced from MP's Mountain Pass facility in California, with a focus on recycling scrap from Texas operations to enhance sustainability.

MP Materials Selects Northlake, Texas for $1.25 Billion Rare Earth Magnet Manufacturing Campus

James Litinsky, Founder and CEO of MP Materials, stated, “10X is about building industrial strength at a scale the United States has not seen in generations, and the exceptional talent and infrastructure in North Texas make it possible.” Texas Senator Ted Cruz highlighted the geopolitical urgency of the project, noting, “MP Materials is building the infrastructure needed to undo dependence on the Chinese Communist Party for critical minerals.”

Governor Abbott Announces MP Materials Rare Earth Magnet Manufacturing Expansion In Northlake | texasinsider

While the project has garnered significant support, concerns remain regarding the U.S. reliance on foreign supply chains for critical minerals. Critics argue that despite advancements, the U.S. must continue to diversify its sources and ensure that domestic production can meet future demands without over-reliance on any single entity or country.

Washington Examiner

MP Materials plans to break ground on the 10X facility imminently, with engineering and equipment procurement already underway. The commissioning of the campus is targeted for 2028, marking a significant step toward restoring the U.S. rare earth magnet supply chain that has been largely absent for decades.

MP Materials To Build '10X,' a $1.25B Rare Earth Magnet Manufacturing Campus in North Texas

In summary, the establishment of the 10X campus represents a pivotal move in enhancing U.S. manufacturing capabilities and reducing dependence on foreign sources for critical technologies.

Governor Abbott Announces MP Materials Rare Earth Magnet Manufacturing Expansion In Northlake | texasinsider