MP Materials has chosen a 120‑acre site in Northlake, Texas for its new 10X rare‑earth magnet manufacturing campus, a move that expands the company’s domestic production footprint and strengthens its position as the only fully integrated rare‑earth producer in the United States.
The company will invest more than $1.25 billion to build the campus, which is located less than 10 miles from its existing Independence facility in Fort Worth. The new site will be fully owned and operated by MP Materials and is expected to produce roughly 7,000 metric tons of rare‑earth magnets annually once it is commissioned in 2028.
The U.S. Department of Defense has committed to purchase 100 % of the 10X output for a 10‑year period, providing a guaranteed revenue stream that underpins the project’s financial viability and reinforces the company’s national‑security partnership. This long‑term offtake agreement, established in July 2025, signals strong government support for domestic rare‑earth supply chain resilience.
The project is projected to create more than 1,500 direct manufacturing and engineering jobs in the North Texas region. State, county, and city incentives totaling roughly $200 million—derived from the Texas Enterprise Fund, the Texas Semiconductor Innovation Fund, and local grants—further reduce the capital burden and demonstrate public backing for the initiative.
The 10X campus will incorporate grain‑boundary diffusion technology, a process that reduces the need for heavy rare earths while maintaining magnet performance. This technology aligns with U.S. policy goals to reduce dependence on foreign supply chains for critical materials.
MP Materials has long‑term commitments with major automakers and technology firms. General Motors has secured a supply agreement, and Apple invested $500 million in the company’s Independence facility to fund a new recycling line. The new campus expands MP’s integrated production chain from mining to finished magnets, enhancing operational leverage and margin potential.
By securing a 10‑year offtake agreement with the Department of Defense and leveraging substantial public incentives, MP Materials solidifies its strategic role in national security and positions itself to capture a larger share of the growing global demand for rare‑earth magnets. The announcement underscores the company’s ability to scale production, reduce foreign dependency, and deliver critical components for defense and commercial applications.
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