Inside The Texas Factory Racing To Break China's Grip On EV Magnets

MP Materials operates the only rare earth mine and refining facility in the Western hemisphere and is building a factory in Texas to produce EV magnets domestically, aiming to reduce US dependence on Chinese rare earth supplies. General Motors is partnering with MP Materials to localize its EV magnet supply chain and mitigate risks from Chinese export controls and tariffs.

This Wire brief sits within Fusion42's coverage of Micromobility, and 2 sources have reported it between 26 Sep 2026 and 2 Oct 2026.