Apple is investing $500 million in MP Materials to strengthen the domestic rare earth supply chain. The investment focuses on American-made rare earth magnets developed at MP Materials' Fort Worth facility. Once produced, these magnets will meet the growing global demand. Furthermore, the partnership includes establishing a rare earth recycling line in Mountain Pass, California, allowing for the processing and reuse of materials from used electronics. The collaboration also aims to develop advanced magnet materials and processing technologies, aligning with Apple’s commitment to sustainability in its supply chain.
Apple is investing $500 million in MP Materials to strengthen the domestic rare earth supply chain by buying American-made rare earth magnets for its products.
MP Materials will establish a rare earth recycling line in Mountain Pass, California, processing materials from used electronics for reuse in Apple products.
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