MP Materials Chooses AllianceTexas for New 10X Campus

MP Materials Chooses AllianceTexas for New 10X Campus

Image

MP Materials Corp., America’s only fully integrated rare earth producer, is expanding its manufacturing footprint in North Texas with a new large-scale rare earth magnet manufacturing campus at AllianceTexas. The company has selected a 120-acre site in Northlake, Texas, for its next-generation facility, known as 10X.

Located less than 10 miles from MP Materials’ existing AllianceTexas facility, 10X will further establish North Texas as a leading hub for the domestic rare earth magnet supply chain.

Rare-earth magnets are critical to many technologies people rely on every day, from smartphones, laptops and headphones to electric vehicles, appliances and medical devices, as well as military fighter jets. With its new campus at AllianceTexas, MP Materials will help expand domestic production of these essential components, strengthening U.S. supply chains and reducing reliance on overseas sources. Once operational, the facility is expected to produce approximately 10,000 metric tons of rare earth magnets annually.

James Litinsky, MP Materials’ Founder, Chairman and CEO, recently said of the expansion, “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. 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.”

Watch MP Materials’ recent interview on 60 Minutes here.

Image

MP Materials will invest more than $1.25 billion in the project and create more than 1,500 direct manufacturing and engineering jobs through the new facility. The expansion reflects North Texas’ world-class workforce and deep manufacturing expertise.

Ross Perot Jr., Chairman of Hillwood, added, “AllianceTexas continues to attract advanced manufacturing that creates jobs, diversifies our economy and strengthens America’s supply chain. MP Materials has been a strong partner, and this competitive project demonstrates how city, county and state leaders work together to secure significant new investment in North Texas.”