“We recognized the importance of these magnets when it comes to domestic infrastructure.”
Robert Sturns
Director of Economic Development
City of Fort Worth
.…on MP Materials’ rare-earth magnet facility going up at AllianceTexas in Fort Worth, via Forbes.
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.
Forbes calls the plant an example of “What A Successful Re-Shoring Strategy Could Look Like” and interviewed Sturns about the project.
Rendering of the MP Materials manufacturing facility to be built in Fort Worth’s AllianceTexas. [Image: MP Materials]
“We recognized the importance of these magnets when it comes to domestic infrastructure, and how important they are to ensuring that Texas and the U.S. has direct access to these kinds of technologies,” Sturns told Forbes. “We wanted to do everything we could to help out and ensure that Fort Worth could be part of it.”
You can read the Forbes article by going here.
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