Key Points
- MP Materials has chosen Northlake, Texas, for its new $1.25 billion rare earth magnet manufacturing campus.
- The facility, dubbed “10X,” will use rare earth raw materials that have been sourced and processed at MP Materials’ Mountain Pass mine in California. Mountain Pass is the only commercial-scale rare earths mine in the U.S.
- The Department of Defense took a stake in MP Materials in 2025 as the Trump administration looks to secure access to minerals critical for everything from defense and data centers to personal electronics.
