MP Materials starts commercial NdPr metal production at Texas magnet facility

MP Materials has commenced commercial production of neodymium-praseodymium metal and trial production of automotive-grade sintered NdFeB magnets at its Independence facility in Fort Worth, Texas. The facility is expected to produce approximately 1,000 metric tons of finished NdFeB magnets per year, with a gradual ramp beginning in late 2025.

“This milestone marks a major step forward in restoring a fully integrated rare earth magnet supply chain in the United States.”investors.mpmaterials.com

• 1 source
• investors.mpmaterials.comMP Materials Restores U.S. Rare Earth Magnet ProductionJan 22, 2025

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