Apple signed a $500 million multi-year deal with MP Materials to source rare-earth magnets for iDevices from recycled materials. The agreement includes establishing a recycling line at MP's site in Mountain Pass, California, which will process industrial scrap and end-of-life electronics. Apple and MP have worked on recycling technology for nearly five years. The custom magnet facility will be located in Fort Worth, Texas, specifically designed for Apple. The deal is seen as a response to reduced Chinese exports of rare earth minerals due to US tariffs.
Apple is partnering with MP Materials to recycle rare-earth magnets for iDevices, aiming for a sustainable supply chain. This multi-year deal is worth $500 million.
The deal showcases Apple's commitment to American manufacturing while helping develop a recycling line at MP's Mountain Pass site to process industrial magnet scrap and end-of-life electronics.
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