Timeline: Key Milestones for the Fort Worth Facility
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December 2021
MP Materials announced plans to build a rare-earth magnet production facility in Fort Worth as part of a long-term agreement with General Motors. This would become the business and engineering HQ for its magnetics division (AllianceTexas development).
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April 2022
Construction officially began on the 200,000 sq ft facility, initiating the restoration of a fully integrated domestic supply chain for rare-earth metals, alloys, and magnets.
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January 22, 2025
MP Materials’ Independence facility in Fort Worth commenced commercial production of NdPr metal and began trial production of automotive-grade NdFeB magnets.
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