# MP Materials to build rare earth magnet factory in Fort Worth, Texas

MP Materials announced it will build a 200,000 sq. ft. greenfield rare earth metal, alloy and NdFeB magnet manufacturing facility in Fort Worth, Texas. The facility will have capacity to produce approximately 1,000 tonnes of finished NdFeB magnets per year and create more than 100 skilled jobs.

- Type: New facility
- Announced: 2021-12-09
- Where: Fort Worth, Texas, United States
- Jobs: 100
- Starts operating: 2023
- Status: announced
- Capacity: 1,000 tonnes of finished NdFeB magnets per year
- Products: NdFeB alloy, NdFeB magnets
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

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

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20211209005637/en/MP-Materials-to-Build-U.S.-Magnet-Factory-Enters-Long-Term-Supply-Agreement-with-General-Motors), 2021-12-09: "MP Materials will develop a 200,000 sq. ft. greenfield metal, alloy and neodymium-iron-boron (NdFeB) magnet manufacturing facility in Fort Worth, Texas."

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