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mp magnetics
![MP’s new magnetics facility in Fort Worth's AllianceTexas development will source materials from Mountain Pass, California and aims to help restore a fully integrated U.S. supply chain. [Rendering: MP Materials]](https://s24806.pcdn.co/wp-content/uploads/2021/12/MP-Materials-Fort-Worth-Magnet-Manufacturing-Facility-940x436.jpg)
MP’s new magnet facility in Fort Worth's AllianceTexas development, which will will source materials from Mountain Pass, California, aims to help restore a fully integrated U.S. supply chain. [Rendering: MP Materials]
MP Materials Is Building a Magnet Factory at AllianceTexas in Fort Worth
by Quincy Preston | Dec 9, 2021
The new magnet manufacturing facility will be the headquarters for MP Magnetics, the company's growing magnetics division.
Production at the new facility could ultimately power 500,000 EV motors each year. MP, which entered a long-term supply agreement with General Motors for rare earth materials and parts, says manufacturing could begin in 2023.
