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Independence Fort Worth Magnet FacilityMP Materials—MP Materials selects 120-acre site in Northlake, Texas for $1.25 billion 10X magnet manufacturing campusMountain Pass mine and separationMP Materials—Mountain Pass NdPr output up 41% to 840 t; MP commissioning its dysprosium-terbium circuitMountain Pass mine and separationMP Materials—MP Materials posts record NdPr output, ends sales to China and sets mid-2026 start for heavy rare-earth separation

Mountain Pass mine and separation

by MP MaterialsUS

Rebuild a rare-earth supply chain outside China starting from the ore. Mountain Pass mines, concentrates and separates rare earths on site and is adding the dysprosium and terbium that heat-resistant magnets need.

ScalingStage 5 of 5

840 t NdPr in Q2 2026; Dy/Tb circuit commissioning, first heavy rare earths due late 2026.

Updated 6 Aug 2026Checked 11 Oct0 updates this week

Milestones

Next · Dy/Tb separation circuit commissioning
  1. Mine closes after waste spill and Chinese competition2002Complete.
  2. MP Materials' owners buy the mine out of bankruptcyJul 2017Complete.
  3. Mining and concentrate production resumeJan 2018Complete.
  4. DoD deal: $110/kg NdPr floor, $400M equity, $150M loanJul 2025Complete.
  5. All product sales to China stopJul 2025Complete.
  6. Price-floor payments startOct 2025Complete.
  7. Dy/Tb separation circuit commissioningTarget 2026Current milestone.
  8. First dysprosium and terbium shipped to Fort WorthTarget Q4 2026Not yet reached.
  9. New pre-flotation process at full scaleTarget 2028Not yet reached.

Most important updates

Upcoming

  1. 2026Dy/Tb separation circuit commissioning (next)
  2. Q4 2026First dysprosium and terbium shipped to Fort Worth
  3. Nov 2026Q3 2026 NdPr production expected above 1,000 t
  4. 2028New pre-flotation process at full scale
Primer