MP Materials announced a major milestone in the restoration of the U.S. rare earth magnet supply chain with the commencement of commercial production of neodymium-praseodymium (NdPr) metal at its Independence facility in Fort Worth, Texas. Additionally, trial production of automotive-grade, sintered neodymium-iron-boron (NdFeB) magnets is underway, with the first deliveries planned by the end of 2025.

The facility aims to produce approximately 1,000 metric tons of finished NdFeB magnets annually, supporting industries like automotive, electronics, aerospace, and defense. This marks a significant step in creating a fully integrated domestic supply chain, addressing U.S. reliance on foreign sources for these critical materials. The raw materials for this operation are sourced from MP’s Mountain Pass mine in California, which achieved record-breaking production in 2024, including over 45,000 metric tons of rare earth oxides and 1,300 metric tons of NdPr oxide.

MP Materials continues to expand its operations to provide a complete supply chain solution from mining to magnet manufacturing, enhancing U.S. competitiveness in this vital sector.