MP Materials to Invest $1.25B in Northlake, Texas, for Largest US Rare Earth Magnet Manufacturing Campus

Published: Feb 27, 2026 18:30

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MP Materials has selected Northlake, Texas, as the site for its new "10X" campus, a U.S. rare earth magnet manufacturing park. MP Materials will invest over $1.25 billion to develop what is historically the largest and most strategically significant U.S. rare earth magnet manufacturing asset. MP Materials, the largest rare earth mining company in the U.S., recently announced that it will build a large-scale rare earth magnet manufacturing campus in Northlake, Texas, with a total investment exceeding $1.25 billion.

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