MP Materials Selects Northlake, Texas, as the Site of “10X,” a New U.S. Rare Earth Magnet Manufacturing Campus
NORTHLAKE, Texas--(BUSINESS WIRE)---- $MP #rareearth--MP Materials Corp. (NYSE: MP) today announced it has selected a 120‑acre site in Northlake, Texas, to develop “10X,” the company's planned large-scale rare earth magnet manufacturing campus. Located less than 10 miles from MP's existing Independence facility in Fort Worth, the new campus will cement North Texas as the center of gravity for the United States' rare earth magnet supply chain. 10X will significantly expand MP's fully integrated U.S. rare earth mag.