MP Materials Selects Northlake, Texas, as the Site of “10X,” a New U.S. Rare Earth Magnet Manufacturing Campus

Core Viewpoint - MP Materials Corp. has selected a 120-acre site in Northlake, Texas, for the development of its large-scale rare earth magnet manufacturing campus, named "10X," which will enhance the U.S. rare earth magnet supply chain [1] Company Developments - The new campus will be located less than 10 miles from MP's existing Independence facility in Fort Worth, Texas [1] - The establishment of the 10X campus is expected to significantly expand MP's fully integrated U.S. rare earth magnet manufacturing capabilities [1] Industry Impact - The development of the 10X campus will position North Texas as a central hub for the rare earth magnet supply chain in the United States [1]