processing · United States

MP Independence Magnetics Facility

A US NdFeB magnet manufacturing facility completing a domestic rare earth loop.

OperatingRamp-upProject score 79
Operator
MP Materials
Country
United States
Mine life
—
Capex
—
Profile

Resource, economics and jurisdiction

Resource
Converts separated NdPr into metal, alloy and finished magnets.
Production
Initial capacity around 1,000 t of finished magnets annually.
Economics
Backed by long-term automotive and defence offtake structures.
Infrastructure
Texas grid power and established manufacturing labour market.
Jurisdiction
Low risk
Ownership
MP Materials 100%
Region
Texas
Overview

What this asset is

A US NdFeB magnet manufacturing facility completing a domestic rare earth loop.

Methodology

Earthern Project Score 79

Version v0.1

Resource Quality
78 (weight 1.2) — Grade, continuity and metallurgical complexity of the resource.
Project Scale
83 (weight 1) — Annual output potential relative to the global market for its primary mineral.
Development Stage
84 (weight 0.9) — How far the asset has advanced toward or through production.
Jurisdiction
80 (weight 1.1) — Political stability, permitting predictability and rule of law.
Infrastructure
83 (weight 0.9) — Access to power, water, transport and processing capacity.
Economics
76 (weight 1.2) — Cost position and margin resilience through the price cycle.
Strategic Importance
89 (weight 1) — Relevance to national critical mineral strategies and allied supply chains.
Supply-Chain Value
81 (weight 1) — Whether the asset relieves a genuine downstream bottleneck.
Sustainability
81 (weight 0.9) — Carbon intensity, water use, tailings approach and community standing.
Execution Risk
78 (weight 1) — Technical, financing and schedule risk to reaching nameplate output. Higher is lower risk.
Materials

Minerals produced

Rare Earths

Neodymium

A light rare earth element and the backbone of high-performance NdFeB permanent magnets.

Rare Earths

Dysprosium

A heavy rare earth added to magnets to preserve performance at high operating temperatures.

Assets

Related assets

mine · China

Bayan Obo

The largest rare earth deposit in the world, mined alongside iron ore.

refinery · China

Ganzhou Separation Complex

The centre of global heavy rare earth separation capacity.

refinery · Malaysia

Lynas Advanced Materials Plant

The largest rare earth separation facility outside China.

processing · Australia

Lynas Kalgoorlie Facility

A cracking and leaching plant that moves the first processing stage onshore in Australia.

mine · Australia

Mount Weld

One of the highest-grade rare earth deposits in the world, feeding Lynas separation capacity.

mine · United States

Mountain Pass

The only operating rare earth mine in the United States and the anchor of domestic magnet ambitions.