INDIVIDUAL FACILITIES AND SELECTED SOURCES
Below is basic information about individual facilities in our database and selected sources we've drawn on to support the analysis. To navigate to other sites, use the search page.
Rare Earth Magnet Manufacturing Facility
MP Materrials
Fort Worth, TX, USA
-97.2499301018507, 32.9836489874739
The Big Green Machine Site ID: 713
Additional Information:
Sector: Batteries
Activity: Manufacturing
Product: Rare Earths
Project Announcement Date: 12/9/2021
Date Commercial Production Started: 2025
Announced Post Inflation Reduction Act: No
Target Annual Production: 1000 tpa
Operating Status: Operating
Target Jobs: 150
Capital Investment: $58.5 million
Congressional District: Republican
Government Subsidies:
Federal:
IRA 48C Grant: $58.5 million
Selected Sources:
“MP Materials Awarded $58.5 Million to Advance U.S. Rare Earth Magnet Manufacturing”, mpmaterials.com, 31 Mar 2024. 🔗
“MP Materials Begins Construction on Texas Rare Earth Magnetics Factory to Restore Full U.S. Supply Chain”, mpmaterials.com, 20 Apr 2022. 🔗
“MP Materials to Build U.S. Magnet Factory, Enters Long-Term Supply Agreement with General Motors”, mpmaterials.com, 08 Dec 2021. 🔗
“MP Materials Restores U.S. Rare Earth Magnet Production”, mpmaterials.com, No Date. 🔗
Tracked Expansions, Acquisitions, or Related Sites:
We currently have no related projects tracked for this site.