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US Manufacturer and General Motors To Break Ground on Texas Magnet Factory

Plant To Make High-Tech Materials Used To Power Electric Vehicles

A conceptual rendering of the Fort Worth, Texas, materials plant scheduled to get underway later this month. (MP Materials Corp.)
A conceptual rendering of the Fort Worth, Texas, materials plant scheduled to get underway later this month. (MP Materials Corp.)

A U.S. manufacturer behind some of the high-tech materials needed to power electric vehicles, drones and other electronics plans to begin construction on a first-of-its-kind plant in Fort Worth, Texas, as the federal government focuses on reshoring the American supply chain.

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