rare earth magnet plant

Over $58M Awarded to Advance Fort Worth Rare Earth Magnet Manufacturing Plant

by | 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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