MP Materials Expands DFW Footprint With 120-Acre, $1.25B Project

Key Points

• MP Materials is planning a $1.25 billion rare earth magnet manufacturing campus in Northlake, Texas. 
• The 120-acre project, known as “10X,” will be located inside Hillwood’s AllianceTexas development.
• The facility will boost production of neodymium iron boron magnets used in defense systems, semiconductors, and data centers.

What The $1.25B Manufacturing Campus Means For Northlake’s AllianceTexas Development

MP Materials is expanding its North Texas footprint with a $1.25 billion advanced manufacturing campus planned for AllianceTexas in Northlake. The project, known as 10X, will span roughly 120 acres within the massive logistics and industrial hub developed by Hillwood. The site will sit less than 10 miles from the company’s existing 250,000 square foot operation in Fort Worth, creating a regional cluster for rare earth magnet manufacturing. The Las Vegas-based company plans to acquire the land and construct a large-scale facility designed to strengthen domestic production of critical materials used across defense and technology industries.

What The Production Expansion Means For U.S. Magnet Manufacturing

Once operational, the campus is expected to produce about 10,000 metric tons of neodymium iron boron magnets annually. These magnets are essential components used in military equipment, semiconductor manufacturing, electric motors, and high-performance data center technologies. By increasing production capacity in Texas, MP Materials aims to strengthen the United States’ domestic supply of rare earth magnets. Groundbreaking for the project is expected soon, with testing phases leading up to full operations by 2028.

What Federal And State Incentives Mean For The Project

The project is closely tied to federal efforts to rebuild domestic supply chains for critical minerals and defense components. The U.S. Department of Defense has committed to purchasing $400 million in MP Materials stock and will also buy 100% of the plant’s output during its first 10 years of operation. In addition, state and local governments have assembled roughly $200 million in incentives, including grants, tax abatements, and exemptions to support the development.

What The Vertically Integrated Supply Chain Means For U.S. Manufacturing

Raw materials for the new campus will come from MP Materials’ mining and processing operations in California, enabling a vertically integrated domestic production chain. The company began commercial metal production in Fort Worth in 2024, laying the foundation for the larger Northlake campus expansion. By controlling mining, processing, and manufacturing within the United States, MP Materials hopes to reduce reliance on foreign suppliers of rare earth magnets, particularly those sourced from overseas markets.

What The Investment Means For North Texas’s Defense Manufacturing Cluster

The project adds momentum to North Texas’ rapidly growing advanced manufacturing and defense sector. Companies involved in aerospace, defense technology, and advanced manufacturing have increasingly chosen the region due to available land, logistics infrastructure, and proximity to major industrial corridors. With MP Materials’ $1.25 billion investment in AllianceTexas, the Dallas-Fort Worth area continues to position itself as a strategic hub for defense manufacturing, semiconductor supply chains, and reshored industrial production in the United States.