US Company MP Materials' Rare Earth Magnets Fueling America's Clean Energy and Climate Objectives (MP Materials' Stock Reference)
**MP Materials to Boost U.S. Rare Earth Magnet Production by 10,000 Metric Tons**
MP Materials, a leading player in the U.S. rare earth magnet supply chain, is set to expand its production capabilities significantly. The company plans to construct a new facility, dubbed the "10X Facility," which is expected to produce approximately 10,000 metric tons of rare earth magnets per year when commissioned in 2028 [1][3].
This ambitious expansion forms part of a broader public-private partnership with the U.S. Department of Defense, announced in July 2025. The partnership aims to accelerate the development of a domestic rare earth magnet supply chain, reducing U.S. dependence on foreign production [1].
The 10X Facility will complement MP Materials' existing operations, including its Fort Worth facility, which is currently undergoing expansion to produce 100% recycled rare earth magnets for Apple [2]. The Fort Worth facility's capacity expansion is part of a $500 million partnership between MP and Apple, aimed at significantly increasing the production of recycled rare earth magnets [2].
In addition to expanding magnet manufacturing, MP Materials also plans to add heavy rare earth separation capabilities, further strengthening the resiliency of the U.S. supply chain for critical minerals [1][3].
The company's expansion strategy is supported by its commitment to sustainability. MP Materials utilises closed-loop systems to minimise hazardous waste and has earned a Bronze Medal from EcoVadis, reflecting its efforts in this area [4]. The company's Mountain Pass site in California already boasts a 95% water recycling rate during beneficiation [4].
MP Materials' rare earth magnets, specifically neodymium-iron-boron (NdFeB) permanent magnets, are essential for high-performance electric motors and generators in various sectors such as electric vehicles, wind turbines, robotics, aerospace, defence, and advanced electronics [5]. The company's operations at Mountain Pass, America's only integrated rare earth facility, already contribute to over 10% of the world's rare earth supply [5].
The 10X Facility's production is expected to cater to both defence and commercial customers, including the clean energy sector, further positioning MP Materials as a key supplier in these critical industries.
| Facility/Project | Focus/Feedstock | Capacity (Planned) | Expected Commissioning | Key Partnerships | |-------------------------|-------------------------------|---------------------------------|-----------------------|-----------------------| | Fort Worth, TX (expanded) | Recycled rare earth magnets | Significant expansion (exact TBD) | Ongoing (from 2025) | Apple | | 10X Facility (location TBD) | Rare earth magnets (general) | ~10,000 metric tons/year | 2028 | U.S. Department of Defense | | Mountain Pass, CA | Rare earth separation/recycling| Heavy rare earth separation (TBD) | Ongoing | Apple, DoD |
References: [1] MP Materials and U.S. Department of Defense Announce Transformational Public-Private Partnership to Accelerate Domestic Rare Earth Magnet Supply Chain - MP Materials Corp., 2025. [2] MP Materials and Apple Partner to Accelerate Rare Earth Magnet Recycling and Sustainability - MP Materials Corp., 2025. [3] MP Materials to Build Second Domestic Rare Earth Magnet Manufacturing Facility - MP Materials Corp., 2025. [4] MP Materials Earns Bronze Medal from EcoVadis and Completes IRMA Verified Self-Assessment - MP Materials Corp., 2025. [5] MP Materials Operates America's Only Integrated Rare Earth Facility, Contributing to Over 10% of the World's Rare Earth Supply - MP Materials Corp., 2025.
- MP Materials' 10X Facility, a new project, will produce approximately 10,000 metric tons of rare earth magnets per year, contributing to the clean energy sector and strengthening the US supply chain resiliency.
- MP Materials' expansion strategy includes adding heavy rare earth separation capabilities, aligning with its commitment to sustainability, as shown by their 95% water recycling rate at the Mountain Pass site in California.
- The 10X Facility, when commissioned in 2028, will support both defence and commercial customers, positioning MP Materials as a key supplier in critical industries such as the clean energy sector.
- MP Materials' Fort Worth facility is currently undergoing expansion, in partnership with Apple, to produce 100% recycled rare earth magnets, aimed at significantly increasing the production of these crucial resources.
- The U.S. Department of Defense, alongside MP Materials, announced a partnership in July 2025 to accelerate the development of a domestic rare earth magnet supply chain, reducing U.S. dependence on foreign production.
- The essential role of MP Materials' neodymium-iron-boron (NdFeB) permanent magnets can be seen in various sectors, including electric vehicles, wind turbines, robotics, aerospace, defence, and advanced electronics, demonstrating the importance of green finance and technology in the environmental-science, industry, politics, education-and-self-development, and general-news domains.
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