MP Materials Rare Earth Magnet Manufacturing Campus
Sector: Advanced Electronics • Location: Northlake, Texas, United States
Source: Rare Earth Exchanges
MP Materials is investing $1.25 billion to build a rare earth magnet manufacturing campus called '10X' in Northlake, Texas. The 120-acre facility will produce neodymium and praseodymium magnets essential for electric vehicles, wind turbines, advanced electronics, and defense systems. The project is supported by approximately $200 million in state and local incentives and aims to create 1,500 jobs
- Status
- Prospective
- Sector
- Advanced Electronics, Wind, Aerospace & Defense, Electric Vehicles (EVs), Manufacturing (Industrial), Automotive
- Location
- Northlake, Texas, United States of America
- Updated
- 22 Jul 2026
- Source
- Rare Earth Exchanges
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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 is investing $1.25 billion to build a rare earth magnet manufacturing campus called '10X' in Northlake, Texas. The 120-acre facility will produce neodymium and praseodymium magnets essential for electric vehicles, wind turbines, advanced electronics, and defense systems. The project is supported by approximately $200 million in state and local incentives and aims to create 1,500 jobs by 2028, marking a significant step in reshoring magnet production in the U.S. |
Original sector | Industrial |
Budget |
Location
Country | United States of America (USA) |
State | Texas |
City | Northlake |
Source
Source | Rare Earth Exchanges |
URL |
More Details
Record type | Project |
Sector | Advanced Electronics, Wind, Aerospace & Defense, Electric Vehicles (EVs), Manufacturing (Industrial), Automotive |
Article published date | 2026-03-25 |
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