MP Materials Corp. selected a 120‑acre site in Northlake, Texas, to develop “10X,” the company’s planned large-scale rare earth magnet manufacturing campus.
Located less than 10 miles from MP’s existing Independence facility in Fort Worth, the new campus will cement North Texas as the center of gravity for the United States’ rare earth magnet supply chain.
10X will significantly expand MP’s fully integrated U.S. rare earth magnetics manufacturing platform, which already encompasses mining and refining, metallization and alloying, sintering, finished magnet production, and closed‑loop recycling. Once operational, the new campus is expected to contribute to the company’s total production capacity of approximately 10,000 metric tons of NdFeB rare earth magnets per year, dramatically advancing the nation’s ability to produce these strategic components domestically.
MP expects to invest more than $1.25 billion in the project and create more than 1,500 direct manufacturing and engineering jobs at the site. The company anticipates breaking ground imminently. Engineering and equipment procurement is well underway, with commissioning set to commence in 2028.
The decision to expand in North Texas reflects the world‑class workforce and deep manufacturing expertise in the region, both of which are critical to scaling a complex and globally competitive rare earth magnetics capability in the U.S.
This project is enabled by the State of Texas, Denton County, and the City of Northlake, which have approved a comprehensive incentive package totaling roughly $200 million over more than a decade, including grants, abatements and exemptions. The package includes more than $66 million in grants from the Texas Enterprise Fund (TEF) and Texas Semiconductor Innovation Fund (TSIF), underscoring Texas’ leadership in next‑generation manufacturing.
The site to be acquired from Hillwood is within the AllianceTexas development and was selected following a national site evaluation process led by CBRE.
