Fort Worth, Texas, January 7, 2026
MP Materials Corp. has unveiled plans to establish a $1 billion manufacturing facility for rare earth magnets in the Dallas-Fort Worth area. The initiative aims to fortify the U.S. supply chain for critical rare earth elements, supporting industries like electric vehicles and defense. Set to produce around 10,000 metric tons of high-performance magnets annually, the facility is expected to create thousands of jobs and commence operations by 2028, reducing reliance on foreign sources and enhancing national security.
Fort Worth, Texas – MP Materials Expands Rare Earth Magnet Production with $1 Billion Facility
Fort Worth, Texas – MP Materials Corp., the largest producer of rare earth materials in the Western Hemisphere, has announced plans to build a $1 billion rare earth magnet manufacturing facility in the Dallas-Fort Worth (DFW) area. This strategic move aims to bolster the United States’ domestic supply chain for critical rare earth magnets, essential components in electric vehicles, electronics, and defense systems.
Key Details of the New Facility
- Location: DFW area, Texas
- Investment: $1 billion
- Production Capacity: Estimated 10,000 metric tons of high-performance neodymium-iron-boron (NdFeB) magnets annually
- Operational Start: Commissioning expected in 2028
- Partnerships: Supported by the U.S. Department of Defense (DoD) and major industry players
Strategic Importance
The establishment of this facility is a significant step toward reducing the U.S. reliance on foreign sources for rare earth magnets, particularly from China, which currently supplies approximately 80% of these materials. By producing magnets domestically, MP Materials aims to strengthen national security and support the growing demand for electric vehicles and renewable energy technologies.
Recent Developments
In July 2025, MP Materials secured a $400 million investment from the U.S. Department of Defense, making it the largest shareholder in the company. This partnership underscores the strategic importance of rare earth materials in defense applications. Additionally, in January 2025, MP Materials commenced commercial production of neodymium-praseodymium (NdPr) metal and began trial production of automotive-grade NdFeB magnets at its Independence facility in Fort Worth, marking a milestone in restoring the U.S. rare earth magnet supply chain.
Background on MP Materials
Headquartered in Las Vegas, Nevada, MP Materials owns and operates the Mountain Pass Rare Earth Mine and Processing Facility in California, the only rare earth mining and processing site of scale in North America. The company focuses on producing rare earth elements essential for high-strength permanent magnets used in electric vehicles, robotics, wind turbines, drones, and other advanced technologies. MP Materials is listed on the New York Stock Exchange under the ticker symbol “MP”.
Impact on the DFW Region
The new facility is expected to create thousands of jobs in the DFW area, contributing to the local economy and positioning the region as a hub for advanced manufacturing in the rare earth materials sector. The project aligns with Texas’ strategic initiatives to attract high-tech industries and foster innovation in sustainable technologies.
Conclusion
MP Materials’ $1 billion investment in a rare earth magnet manufacturing facility in the DFW area represents a pivotal development in the U.S. effort to establish a self-sufficient and secure supply chain for critical materials. This initiative not only enhances national security but also supports the transition to a green economy by providing essential components for electric vehicles and renewable energy systems.
FAQ
What is MP Materials?
MP Materials Corp. is the largest producer of rare earth materials in the Western Hemisphere, focusing on producing rare earth elements essential for high-strength permanent magnets used in various advanced technologies.
Where is the new facility located?
The new rare earth magnet manufacturing facility is located in the Dallas-Fort Worth (DFW) area, Texas.
What is the expected production capacity of the new facility?
The facility is expected to produce approximately 10,000 metric tons of high-performance neodymium-iron-boron (NdFeB) magnets annually.
When is the facility expected to begin operations?
The facility is expected to commence operations in 2028.
Who are the key partners in this project?
The project is supported by the U.S. Department of Defense and major industry players, highlighting its strategic importance.
How does this facility impact the U.S. rare earth supply chain?
The facility aims to reduce the U.S. reliance on foreign sources for rare earth magnets, particularly from China, thereby strengthening national security and supporting the demand for electric vehicles and renewable energy technologies.
Key Features of the New Facility
| Feature | Details |
|---|---|
| Location | DFW area, Texas |
| Investment | $1 billion |
| Production Capacity | 10,000 metric tons of NdFeB magnets annually |
| Operational Start | 2028 |
| Partnerships | U.S. Department of Defense and major industry players |
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