MP Materials (NYSE: MP) has chosen Northlake, Texas, for its new large-scale rare earth magnet manufacturing campus, named “10X.” The project involves an investment exceeding $1.25 billion and is expected to create more than 1,500 manufacturing and engineering jobs.
The 120-acre campus, within the AllianceTexas development and less than 10 miles from MP’s Independence facility in Fort Worth, will expand U.S. rare earth magnet production to about 10,000 metric tons of NdFeB magnets annually, enhancing domestic supply chain independence.
Expanding U.S. Rare Earth Manufacturing
The 10X campus will build on MP Materials’ vertically integrated platform, which spans mining and refining in Mountain Pass, California, to metallization, alloying, magnet production, and recycling in Texas. Commissioning of the new facility is expected to begin in 2028, with engineering and procurement already underway.
The magnets produced will support industries critical to national and economic security, including:
- Semiconductors
- AI data centers
- Drones and robotics
- Electrification and EVs
- Defense and aerospace
Incentives and Federal Partnership
The expansion is supported by an incentive package of approximately $200 million from the State of Texas, Denton County, and the City of Northlake, including over $66 million in grants from the Texas Enterprise Fund (TEF) and Texas Semiconductor Innovation Fund (TSIF).
The project is supported by a 10-year Pentagon offtake commitment through MP’s public-private partnership with the U.S. Department of War, aimed at accelerating rare earth magnet independence and reducing reliance on foreign supply chains.
Strategic and Commercial Impact
MP Materials holds long-term supply agreements with major U.S. companies such as General Motors and Apple, positioning it as a cornerstone of America’s advanced manufacturing and critical materials strategy.
Company leaders and Texas officials view the investment as a significant step toward restoring end-to-end rare earth magnet production in the United States at an industrial scale.