MP Materials Independence Rare Earth Magnet Facility
Sector: Automotive • Location: Fort Worth, Texas, United States
Source: Investorideas.com
MP Materials commenced commercial production of neodymium-praseodymium metal and trial production of automotive-grade, sintered neodymium-iron-boron magnets at its Independence facility in Fort Worth, Texas. The facility is expected to produce about 1,000 tonnes of NdFeB magnets per year, with a gradual production ramp beginning in late 2025, supplying magnets to General Motors and other manufactu
- Status
- Under Construction
- Sector
- Automotive, Metal, Aerospace & Defense, Steel, Commercial, Government
- Location
- Fort Worth, Texas, United States of America
- Updated
- 22 Jul 2026
- Source
- Investorideas.com
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Project Information
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Sponsoring Agency |
Status
Original status | Under Construction |
Taiyo status | Under Construction |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | MP Materials commenced commercial production of neodymium-praseodymium metal and trial production of automotive-grade, sintered neodymium-iron-boron magnets at its Independence facility in Fort Worth, Texas. The facility is expected to produce about 1,000 tonnes of NdFeB magnets per year, with a gradual production ramp beginning in late 2025, supplying magnets to General Motors and other manufacturers. |
Original sector | Mining and Processing |
Location
Country | United States of America (USA) |
State | Texas |
City | Fort Worth |
Source
Source | Investorideas.com |
URL |
More Details
Record type | Project |
Sector | Automotive, Metal, Aerospace & Defense, Steel, Commercial, Government |
Article published date | 2025-06-21 |
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