MP Materials recently announced that its independent facility in Texas has commenced commercial production of Pr-Nd alloy and entered the trial production phase of NdFeB magnets.
The facility, located in Fort Worth, utilizes raw materials produced from the Mountain Pass rare earth mine in California and is dedicated to building an integrated production system for rare earth metals, alloys, and magnets in the US. The company expects an annual production of approximately 1,000 mt of NdFeB permanent magnets and is expected to gradually increase production in H2 this year. By year-end, MP Materials will deliver automotive-grade sintered magnets for the first time, supplying a significant volume of magnet products to General Motors.
