MP Materials

Materials/Manufacturing

MP Materials to Build “10X” Magnet Manufacturing Campus in Texas; Disengages Business Dealings in China 

March 2, 2026 Editorial Staff 0

February 26, 2026 — MP Materials Corp. today announced it has selected a 120acre site in Northlake, Texas, to develop “10X,” the company’s planned large-scale rare earth magnet manufacturing campus. Located less than 10 miles from its Independence facility in Fort Worth, the new campus will cement North Texas as the center of gravity for the United States’ rare earth magnet supply chain, says the company. […]

Materials/Manufacturing

MP Materials and the U.S. Department of War Partner with the Saudi Arabian Mining Company, Maaden, to Develop Rare Earth Refinery Joint Venture

November 19, 2025 Editorial Staff Comments Off on MP Materials and the U.S. Department of War Partner with the Saudi Arabian Mining Company, Maaden, to Develop Rare Earth Refinery Joint Venture

MP Materials Corp. announced it has partnered with the U.S. Department of War to establish a strategic joint venture with the Saudi Arabian Mining Company, Maaden, Saudi Arabia’s flagship mining company, to develop a rare earth refinery in the Kingdom. […]

Materials/Manufacturing

MP Materials Announces Public-Private Partnership with the Department of Defense to Accelerate U.S. Rare Earth Magnet Independence

July 10, 2025 Editorial Staff Comments Off on MP Materials Announces Public-Private Partnership with the Department of Defense to Accelerate U.S. Rare Earth Magnet Independence

MP Materials Corp. has announced it has entered into a transformational public-private partnership with the United States Department of Defense to dramatically accelerate the build-out of an end-to-end U.S. rare earth magnet supply chain and reduce foreign dependency. […]

Materials/Manufacturing

MP Materials Signs Up to Help Build Rare Earth Mines-to-Magnets Supply Chain in Saudi Arabia; Also Accelerates Its Non-China Strategy 

May 15, 2025 Editorial Staff Comments Off on MP Materials Signs Up to Help Build Rare Earth Mines-to-Magnets Supply Chain in Saudi Arabia; Also Accelerates Its Non-China Strategy 

5/14/2025 – RIYADH, Saudi Arabia– Saudi Arabian Mining Company (Maaden) and MP Materials jointly announced today they have agreed to explore opportunities to jointly develop a vertically integrated rare earth supply chain in Saudi Arabia including […]

Materials/Manufacturing

MP Materials Restores U.S. Rare Earth Magnet Production

January 22, 2025 Editorial Staff Comments Off on MP Materials Restores U.S. Rare Earth Magnet Production

MP Materials has reached a pivotal milestone in restoring the U.S. rare earth magnet supply chain. The company’s flagship Independence facility in Fort Worth, Texas, has commenced commercial production of neodymium-praseodymium (NdPr) metal and trial production of automotive-grade, sintered neodymium-iron-boron (NdFeB) magnets. These achievements bring the U.S. closer to reestablishing a fully integrated, domestic supply chain for these critical components for the first time in decades. […]

Materials/Manufacturing

Shenghe to Acquire Neo’s Separation Assets in China for $30 Million; Backs Peak’s Tanzania Project for $96 Million 

October 15, 2024 Editorial Staff Comments Off on Shenghe to Acquire Neo’s Separation Assets in China for $30 Million; Backs Peak’s Tanzania Project for $96 Million 

Chinese rare earths company Shenghe Resources continues to build its footrprint as a globally connected rare earths company. In two recent moves, it pledged to invest $96 million in Australian minerals firm Peak Rare Earths that provides critical funding for its mine development in Tanzania and agreed to pay Toronto-based Neo Performance Materials $30 million to acquire processing assets of Neo in China. […]