MP Materials to build $1.25B rare earth magnet campus in Northlake, Texas

MP Materials selected a 120-acre site in Northlake, Texas, for its 10X rare earth magnet manufacturing campus. The company will invest over $1.25 billion and create more than 1,500 jobs, with commissioning set to begin in 2028.

“MP Materials will invest more than $1.25 billion to develop the largest and most strategic U.S. rare earth magnet manufacturing asset in history”barchart.com

• 1 source
• barchart.comMP Materials Selects Northlake, Texas, as the Site of “10X,” a New U.S. Rare Earth Magnet Manufacturing CampusMP MaterialsFeb 26, 2026

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