# 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.

- Type: New facility
- Announced: 2026-02-26
- Where: Northlake, Texas, United States
- Value: $1.25B
- Jobs: 1,500
- Starts operating: 2028
- Status: announced
- Capacity: 10,000 metric tons of NdFeB rare earth magnets per year (total company capacity)
- Products: NdFeB rare earth magnets
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [MP Materials](https://endata.com/companies/37829.md)

## Sources

- [barchart.com](https://www.barchart.com/press-releases/443646/mp-materials-selects-northlake-texas-as-the-site-of-10x-a-new-u-s-rare-earth-magnet-manufacturing-campus), 2026-02-26: "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"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.