MP Materials selects Texas for rare earth magnet manufacturing site

MP Materials has chosen Northlake, Texas, for its $1.25 billion rare earth magnet factory as the U.S. rushes to secure domestic supplies of critical minerals.

# MP Materials selects Texas for rare earth magnet manufacturing site MP Materials has chosen Northlake, Texas, for its $1.25 billion rare earth magnet factory as the U.S. rushes to secure domestic supplies of critical minerals. **Read the full article:** [CNBC](https://www.cnbc.com/2026/02/26/mp-materials-selects-texas-for-rare-earth-magnet-manufacturing-site.html) *This article was originally published by CNBC. MoneyWiseInc provides expert curation of the best financial content from trusted sources.*