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mp materials
MP Materials will invest more than $1.25 billion to develop what it calls "the largest and most strategic U.S. rare earth magnet manufacturing asset in history" north of Fort Worth. [Rendering: MP Materials]
MP Materials To Build ’10X,’ a $1.25B Rare Earth Magnet Manufacturing Campus in North Texas
by David Seeley | Feb 26, 2026
To be located in Northlake within Hillwood's AllianceTexas development, 10X will be close to MP’s existing Independence rare earth magnet facility in Fort Worth. The new campus will create over 1,500 jobs and "will cement North Texas as the center of gravity for the United States’ rare earth magnet supply chain," MP said.
by Quincy Preston |
Oct 23, 2025
Now in its seventh year, the annual D CEO and Dallas Innovates awards honor innovators shaping the future of North Texas.
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by Quincy Preston |
Aug 11, 2025
The stealth-stage startup, led by tech entrepreneur John Lauer—who sold his last company for nearly $1 billion—is developing what it calls the world's first cloud-connected electronics prototyping factory. "This will be one of the most high-tech factories in the world," said Lauer.
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by David Seeley |
Aug 7, 2025
As it announced a new $100 billion commitment to manufacturing in America Monday—for a planned total of $600 billion over the next four years—Apple said a lot of that money will be spent in Sherman, 60 miles north of Dallas. Its partners there include Texas Instruments, GlobalWafers America, and Coherent, which makes the lasers that enable FaceID on iPhones and iPads.
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A front view of Independence, MP Materials' state-of-the-art rare earth magnet manufacturing facility in Fort Worth [Photo: Business Wire]
In U.S. Milestone, MP Materials Begins Producing Rare-Earth Magnets at Fort Worth Facility
by David Seeley and Lance Murray | Jan 22, 2025
Las Vegas-based MP Materials said the achievements at its Fort Worth facility bring the U.S. closer to reestablishing "a fully integrated, domestic supply chain for these critical components for the first time in decades." A key MP customer: General Motors and its electric vehicles.
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by Lance Murray |
Jan 16, 2025
The project, led by UTA physicist J. Ping Liu, seeks to make the mining of critical rare earth elements more cost-efficient and environmentally sustainable by using cheaper, more abundant materials—helping to boost U.S. production of high-performance magnets.
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by David Seeley |
Apr 1, 2024
Las Vegas-based MP Materials—which began building the plant in 2022 at Hillwood's AllianceTexas—plans to produce ""precursor materials" at the facility this summer, and "finished magnets" by late 2025. The critically needed products will be delivered to General Motors to power EVs—and help "bring the supply chain home" to the U.S.
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by David Seeley |
Jul 11, 2023
Through a long-term agreement with General Motors, MP Materials is bringing its MP Magnets division to AllianceTexas in Fort Worth. The company is building a new, 200,000-square-foot rare earth magnetics and materials manufacturing facility which will "re-shore" critical components for America's EV batteries, robots, drones, defense systems, and other tech.
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![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.
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