Rare earth producer MP Materials plans to build a large-scale rare earth magnet manufacturing campus in North Texas to prop up the domestic supply chain and reduce reliance on foreign adversaries. 

The facility would be a step toward the Trump administration’s goal of propping up the domestic supply chain for critical minerals and rare earth elements, which are used in important technological and defense applications. The administration has effectively turned MP Materials into a national champion corporation by taking a direct ownership stake in it and providing price floors for its products. The facility will also receive support from the Texas state government.