MP Materials selects Texas for rare earth magnet manufacturing site

MP Materials has chosen Northlake, Texas, for its new $1.25 billion rare earth magnet manufacturing campus, the company announced Thursday, amid a rush to shore up domestic supplies of metals critical for everything from data centers and defense to personal electronics.The facility, dubbed "10X," will use rare earth raw materials that have been sourced and processed at MP Materials' Mountain Pass mine in California. Mountain Pass is the only commercial-scale rare earths mine in the U.S.Once operational, 10X ...