Texas Cements Rare Earth Hub Status as MP, Tactical Deepen Supply Chain
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Dallas – September 29, 2026 -- The global rare earth magnets market is projected to grow from roughly $21.98 billion in 2025 to $30.01 billion by 2030, a 6.4% compound annual growth rate, according to ResearchAndMarkets.com, with electric vehicles, wind turbines, robotics and consumer electronics driving demand. Persistence Market Research puts the 2026 market at $15.8 billion, rising to $30.4 billion by 2033 at a 9.8% CAGR, and identifies North America as the fastest-growing region at 11.3% annually. Texas is emerging as the geographic center of that domestic build-out.