10X Rare-Earth Magnet Manufacturing Campus
Sector: Aerospace & Defense • Location: Texas, United States
Source: Simply Wall St
MP Materials announced a US$1.25 billion project to build its 10X rare-earth magnet manufacturing campus in Texas, supported by a U.S. Department of Defense agreement to purchase any magnets not sold to commercial customers. This project accelerates MP Materials' shift from being primarily a miner to a fully integrated mine-to-magnet supplier, central to U.S. critical-minerals security efforts.
- Status
- Prospective
- Sector
- Aerospace & Defense, Manufacturing (Industrial), Commercial
- Location
- Texas, United States of America
- Updated
- 22 Jul 2026
- Source
- Simply Wall St
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Project Information
Participants
| Not available for this record. |
Status
Original status | planned |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | MP Materials announced a US$1.25 billion project to build its 10X rare-earth magnet manufacturing campus in Texas, supported by a U.S. Department of Defense agreement to purchase any magnets not sold to commercial customers. This project accelerates MP Materials' shift from being primarily a miner to a fully integrated mine-to-magnet supplier, central to U.S. critical-minerals security efforts. |
Original sector | Metals and Mining |
Budget |
Location
Country | United States of America (USA) |
State | Texas |
Source
Source | Simply Wall St |
URL |
More Details
Record type | Project |
Sector | Aerospace & Defense, Manufacturing (Industrial), Commercial |
Article published date | 2026-03-28 |
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