rare earth materials

Ross Perot Jr., chairman of The Perot Group, and James Latinsky, MP Materials co-founder and CEO a the site of MP Materials new U.S. magnet factory at AllianceTexas in Fort Worth.

Construction Begins in Fort Worth on America’s First Rare Earth Magnet Manufacturing Facility

Through a long-term agreement with General Motors, MP Materials is bringing its MP Magnets division to AllianceTexas and today began building a new, 200,000-square-foot rare earth magnetics and materials manufacturing facility.

The goal: Reshore this critical component for America's EV batteries, robots, drones, defense systems, and other tech. “We’ll bring the supply chain home,” MP's CEO promised today.
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