# Phoenix Tailings to Build $375 Million Rare Earth Plant

> New York Governor Kathy Hochul announces Phoenix Tailings' $375 million rare earth plant in Rochester, N.Y., to reduce U.S. reliance on China.
- Title: Phoenix Tailings to Build $375 Million Rare Earth Plant
- Summary: New York Governor Kathy Hochul announces Phoenix Tailings' $375 million rare earth plant in Rochester, N.Y., to reduce U.S. reliance on China. Phoenix…
- Keywords: phoenix tailings, kathy hochul, rochester, eastman business park, new york state, pentagon, mp materials, usa rare earth, energy fuels, china, rare earth processing, rare earth plant
- Source: BigGo Finance — https://finance.biggo.com/news/aebb232b-839d-465d-bcd2-d3180091232e
- Author: BigGo Finance
- Published: 2026-10-20T18:17:08+00:00
- Read time: 1 min
- Topics: phoenix tailings, kathy hochul, rochester, eastman business park, new york state, pentagon, mp materials, usa rare earth, energy fuels, china, rare earth processing, rare earth plant
## Phoenix Tailings Plant Announcement
New York Governor Kathy Hochul announced Phoenix Tailings will build a $375 million rare earth processing plant in Rochester, N.Y.
## Plant Timeline and Capacity
The 500,000-square-foot facility will start partial operations in 2027 and reach full production in 2028, processing 18,000 tons of rare earth material annually.
## State and Federal Support
New York state provides $3 million in performance-based tax credits, and the Pentagon committed $500 million in conditional long-term debt financing.
## U.S. Rare Earth Buildout
The project supports U.S. efforts to reduce reliance on China, alongside MP Materials, USA Rare Earth, and Energy Fuels' initiatives.
## Key takeaway

Phoenix Tailings will build a $375 million rare earth processing plant in Rochester, New York, starting partial operations in 2027 to reduce U.S. dependence on Chinese rare earth supplies.