MP Materials selects Texas for rare earth magnet manufacturing site

Group 1 - MP Materials has selected Northlake, Texas, for a new $1.25 billion rare earth magnet manufacturing campus to enhance domestic supplies of critical metals [1] - The new facility, named "10X," will utilize rare earth raw materials sourced from MP Materials' Mountain Pass mine in California, the only commercial-scale rare earths mine in the U.S. [1] - Once operational, the 10X facility will produce approximately 7,000 metric tons of rare earth magnets annually, increasing the company's total production capacity to 10,000 metric tons per year [2] Group 2 - MP Materials operates another magnet facility in Forth Worth, Texas, which began commercial production in 2025, with a total capacity of about 3,000 tons per year [2] - Major customers for the Forth Worth facility include General Motors and Apple [2] - China currently dominates the critical minerals supply chain, controlling over 90% of processing, separation capacity, and magnet manufacturing [3]