Las Vegas-based MP Materials has selected a site in Northlake, Texas, about 45 miles northwest of Dallas, as the location of its planned United States rare earth elements (REEs) and magnetic materials manufacturing campus.
The company says its $1.25 billion investment at the 120-acre site will create more than 1,500 jobs and “dramatically expand domestic manufacturing capacity and strengthen America’s rare earth magnet supply chain independence
MP says the light and heavy rare earth raw materials necessary to support what it is calling its 10X manufacturing plant will be sourced from MP’s processing facility in Mountain Pass, California, and that scrap from Texas magnet production will be reintegrated into MP’s “short-loop and long-loop recycling circuits in Texas and California, tightening circularity and cost performance across the platform.”…