MP Materials has selected Northlake, Texas, as the site for its new $1.25 billion rare earth magnet manufacturing campus, the company revealed on Thursday. This initiative comes as there is a growing emphasis on securing domestic supplies of critical metals essential for applications ranging from data centers and defense systems to consumer electronics.
The new facility, named "10X," will utilize rare earth raw materials sourced and processed at MP Materials' Mountain Pass mine in California. Notably, Mountain Pass stands as the sole commercial-scale rare earths mine in the U.S.
Once operational, the 10X facility is expected to produce approximately 7,000 metric tons of rare earth magnets annually, elevating the company’s total production to 10,000 metric tons each year.
In addition to the upcoming campus, MP Materials operates another magnet manufacturing facility in Fort Worth, Texas, which commenced commercial production in 2025. This facility has an annual capacity of around 3,000 metric tons, supplying major customers such as General Motors and Apple.
China currently holds a dominant position in critical minerals supply chains, particularly in rare earth elements, accounting for over 90% of the processing, separation, and magnet manufacturing capacity worldwide. The country's decision last year to restrict rare earth exports highlighted vulnerabilities within the critical minerals supply chain.