MP Materials selects 120-acre site in Northlake, Texas for $1.25 billion 10X magnet manufacturing campus

MP Materials/Independence Fort Worth Magnet Facility

MP Materials selected a 120-acre site in Northlake, Texas for its 10X magnet manufacturing campus, a $1.25 billion facility that will scale production to 10,000 metric tons per year by 2028. The project includes 1,500 direct jobs and $200 million in state and local incentives.