MP Materials builds rare earth magnet factory in Fort Worth

MP Materials is building its first full-fledged rare earth magnet factory in Fort Worth, Texas, at 13840 Independence Pkwy. in Alliance, to supply magnets for electric motors, including a contract with General Motors.

“MP executives later chose a site in northern Fort Worth, about a 12-minute drive away at 13840 Independence Pkwy. in Alliance, for their first full-fledged factory.”hillwood.com

• 1 source
• hillwood.comHow MP Materials picked Fort Worth to restart US rare earth supply chain | Hillwood, a Perot Company.Oct 2, 2026

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