MP Materials begins construction on rare earth magnetics factory in Fort Worth, Texas
MP Materials has started construction on a rare earth metal, alloy, and magnet manufacturing facility in Fort Worth, Texas, as part of a $700 million investment to restore the U.S. rare earth magnetics supply chain. The facility will create 150 direct jobs and 1,300 indirect jobs.
Capacity
approximately 1,000 tonnes of neodymium-iron-boron magnets per year
Productsrare earth metalalloyneodymium-iron-boron magnets
“MP Materials Corp. today commemorates the start of construction at its first rare earth metal, alloy, and magnet manufacturing facility, located in Fort Worth, Texas.”investors.mpmaterials.com
- 3 sources
- investors.mpmaterials.comMP Materials - MP Materials Begins Construction on Texas Rare Earth Magnetics Factory to Restore Full U.S. Supply ChainApr 21, 2022
- miningconnection.comMP Materials Begins Construction on Texas Rare Earth Magnetics Factory | Mining Connection — The Link For All Your Mining ResourcesMay 13, 2022
- miningconnection.comMP Materials Begins Construction on Texas Rare Earth Magnetics Factory | Mining Connection — The Link For All Your Mining ResourcesMay 13, 2022
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