March 2, 2026–Written by Paul Wiseman for IIR News Intelligence (Sugar Land, Texas)–U.S. rare earth giant MP Materials announced plans last week to build a new rare-earth magnet complex in Northlake, Texas, near its Independence plant in Ft. Worth. The Las Vegas, Nevada-based integrated rare earth producer plans to spend more than $1.25 billion on the 120-acre site, which will include $200 million from the State of Texas, Denton County and the City of Northlake.
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