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rare earth magnet manufacturing
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.
