Critical materials company MP Materials plans to establish operations in Northlake, Texas. The more than $1.25 billion project is expected to create approximately 1,500 jobs.
The investment will include the construction of a large-scale rare earth magnet manufacturing campus, 10X, located on a 120-acre site within AllianceTexas. Operations are scheduled to begin in 2028.
“10X is about building industrial strength at a scale the United States has not seen in generations, and the exceptional talent and infrastructure in North Texas make it possible,” said James Litinsky, Founder, Chairman & CEO, MP Materials. “We are advancing key objectives under our public-private partnership with the Department of War and accelerating America’s rare earth and magnet independence with an uncompromising focus on speed, execution, and delivery.”…