MP Materials Corp. has selected a 120-acre site in Northlake, Texas, for the development of a large-scale rare earth magnet manufacturing campus known as “10X,” a project expected to exceed $1.25 billion in investment and create more than 1,500 jobs.

The campus will be located within the AllianceTexas development, less than 10 miles from the company’s existing Independence facility in Fort Worth. MP said construction is expected to begin shortly, with commissioning targeted for 2028.

Once operational, 10X is expected to contribute to the company’s total U.S. production capacity of approximately 10,000 metric tons of neodymium-iron-boron (NdFeB) magnets annually. These magnets are used in technologies including electric vehicles, robotics, data centers, semiconductors, and defense systems.

State and Local Incentives Total Approximately $200 Million

The project is supported by an incentive package valued at roughly $200 million over more than a decade, approved by the State of Texas, Denton County, and the City of Northlake. The package includes more than $66 million in grants from the Texas Enterprise Fund and the Texas Semiconductor Innovation Fund, along with local abatements and exemptions.

MP selected the site following a national evaluation process led by CBRE. The land will be acquired from Hillwood, the developer of AllianceTexas.

Linked to Federal Public-Private Partnership

The Northlake expansion is part of a previously announced public-private partnership between MP Materials and the U.S. Department of War established in July 2025. Under the agreement, the department committed to a 10-year offtake arrangement intended to provide demand certainty for domestically produced rare earth magnets. The facility will remain wholly owned and operated by MP Materials.

Rare earth magnets are considered critical components in both commercial and defense applications, and U.S. policymakers have sought to reduce reliance on overseas supply chains.

The Northlake expansion follows other recent efforts to rebuild domestic magnet production capacity, including a new rare earth magnet manufacturing plant completed in South Carolina in late 2025. That facility marked one of the first fully operational U.S. rare earth magnet production sites in decades. And was positioned as a key step toward strengthening national and supply chain security for defense and advanced technology applications.

Builds on Existing U.S. Operations

MP Materials began commercial metal production at its Fort Worth Independence facility in 2024 and initiated alloy flake and finished magnet production in 2025. The company sources rare earth materials from its Mountain Pass, California processing facility, which will supply raw materials for the new campus.

The 10X facility will incorporate advanced magnet manufacturing processes, including grain boundary diffusion technology that reduces reliance on heavy rare earth elements. MP will recycle scrap from Texas production through its processing circuits in Texas and California.

Commercial Agreements in Place

MP Materials has secured long-term magnet supply agreements with several U.S. manufacturers, including General Motors, and is collaborating with Apple on rare earth recycling and magnet production initiatives.

Project Factsheet: MP Materials 10X Magnet Manufacturing Campus Northlake, Texas

MP Materials is building America’s largest rare earth magnet manufacturing campus — restoring a critical supply chain that the U.S. has not had in decades.

Project Basics

120-acre campus in Northlake, Texas, less than 10 miles from the existing Fort Worth facility

Investment: $1.25 billion+

Jobs: 1,500+ direct manufacturing and engineering roles

Annual capacity: ~10,000 metric tons of NdFeB magnets

Groundbreaking imminent; commissioning starts 2028

Why It Matters

U.S. currently depends on China for rare earth magnets used in drones, EVs, robotics, AI data centers, and semiconductors

10X is a cornerstone of MP’s partnership with the U.S. Department of War to end that dependence

Backed by a 10-year Pentagon offtake commitment

Supply Chain

Mine & refine → Mountain Pass, CA

Alloy & sinter → Fort Worth, TX

Finish & recycle → Northlake, TX (10X)

First fully integrated domestic rare earth magnet platform in decades

Technology

Next-generation NdFeB magnet production

Proprietary Grain Boundary Diffusion (GBD) process reduces or eliminates heavy rare earth inputs while maintaining performance

Incentives

$200M package from State of Texas, Denton County, and City of Northlake over 10+ years

Includes $66M+ in grants from the Texas Enterprise Fund and Texas Semiconductor Innovation Fund

Partners

U.S. Department of War — 10-year offtake agreement

General Motors — long-term magnet supply agreement

Apple — rare earth recycling and magnet production collaboration