MP Materials Selects Northlake, Texas, as the Site of “10X,” a New U.S. Rare Earth Magnet Manufacturing Campus

URLhttps://investors.mpmaterials.com/investor-news/ne
Sourceinvestors.mpmaterials.com
Date Published02/26/2026

Additional Reshoring Information:

Company/Division name MP Materials
Parent companyMP Materials
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):1500
Year reshoring announced:2026
Year reshoring implemented or to be implemented:2028
Domestically, the work will be done:In-house
Capital investment ($):1200
City reshored to:Northlake
State(s) reshored to:TX
If relevant, work nearshored to:-
Industry(ies):Nonmetallic Mineral Products, Primary Metal Products (not including Foundries and Castings)
Product(s) reshoredRare Earth Magnets
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Government Incentives, Govt. Policy and subsidies, Skilled workforce availability/training, public‑private partnership with U.S. "Dept of War"
Government Incentive dollar amount:$200 million
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