Project 10X: How a Texas Magnet Factory is Securing the U.S. Military’s Future

Rare earth magnets are the "invisible engines" of the modern world, and by 2028, Texas will be the primary place they are built for the U.S.

MP Materials

MP Materials is setting up its new $1.25 billion rare earth magnet manufacturing campus in north Texas near Texas Motor Speedway. The facility, known as 10X, will manufacture magnets using rare earth raw materials from MP Materials’ Mountain Pass mine in California. 10X will produce about 7,000 metric tons of rare earth magnets annually.

Northlake Texas

The new campus will be located in Northlake, Texas. The town has seen massive growth over the last 16 years. In 2010, the population was 1,724. In the 2020 census, the town’s population grew to 5,201. The estimated population in 2024 was 11,811.

MP Materials Isn’t New to Texas

The company set up shop in Fort Worth in 2025 with an output of 3,000 tons per year. The new campus will be located less than 10 miles from MP's existing Independence facility in Fort Worth.MP expects to invest more than $1.25 billion in the project and create more than 1,500 direct manufacturing and engineering jobs at the site.

Why Domestic Production is Important

Rare earth materials are the lifeblood of technology. The problem for the United States is that China dominates critical minerals supply chains. The communist nation controls more than 90% of processing and magnet manufacturing and in 2025, China weaponized this control by decreasing exports of rare earth materials.

National Security Issue

Due to the dangers of relying on an enemy nation for materials important to national security, MP Materials and the U.S. Department of War have formed a public-private partnership to accelerate U.S. rare earth magnet independence. Rare earth magnets are the core of national security in the form of drones, robotics, AI data centers, electrification, and advanced semiconductor fabrication.