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Mountain Pass Rare-Earth Magnet Plant

Sector: Manufacturing (Industrial) • Location: Texas, United States

Source: CryptoRank

Project
Under Construction

MP Materials, owner of the Mountain Pass mine along the California-Nevada border, is constructing a 1,000-ton rare-earth magnet plant in Texas that will first supply General Motors. The company plans to expand and add a second facility to raise total annual capacity to 10,000 tons in the next few years. The project received a $400 million investment from the US Defense Department.

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Project Information

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The project “Mountain Pass Rare-Earth Magnet Plant” is an infrastructure initiative in the Manufacturing (Industrial) sector, located in Texas, United States. Taiyo aggregates data on it from CryptoRank.

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Participants

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Status

Original status

under construction

Taiyo status

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Taiyo last update

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Available timestamps

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Contact

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Email

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Description

Description

MP Materials, owner of the Mountain Pass mine along the California-Nevada border, is constructing a 1,000-ton rare-earth magnet plant in Texas that will first supply General Motors. The company plans to expand and add a second facility to raise total annual capacity to 10,000 tons in the next few years. The project received a $400 million investment from the US Defense Department.

Original sub-sector

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Original Currency

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Original budget

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Location

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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Article Published Date

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