MP Materials selects Northlake, Texas for planned 10X magnet campus

Feb 26, 2026 · Market Signal · MP Materials · Materials

MP Materials selected a 120-acre Northlake site for its planned second U.S. rare-earth magnet manufacturing campus.

MP Materials company media
Company media · MP Materials

Evidence notes

  • The planned 10X campus represents more than $1.25 billion of company investment and is expected to create over 1,500 jobs.
  • Texas state and local support includes more than $66 million in grants and incentives.
  • The company says the wholly owned campus will expand U.S. magnet capacity under its long-term Pentagon offtake framework.

Company context

SCI import shell (pass 4 supplier-focus). Review before publish.

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