Apple is committing $500 million to MP Materials to secure rare earth magnets and strengthen its domestic supply chain amid pressure from the Trump administration. The collaboration will include a new recycling line in California to repurpose rare earth materials for Apple products. This partnership is part of a larger $500 billion investment to expand U.S. operations. MP Materials will build new magnet manufacturing lines in Texas, creating jobs and supporting Apple devices worldwide. Overreliance on China for rare earth processing is a critical issue in trade negotiations.
Apple is investing $500 million in MP Materials to secure a domestic supply of rare earth magnets, responding to pressure for U.S. manufacturing.
Apple's investment includes collaboration on a recycling line to repurpose rare earth materials for use in its products.
Rare earth elements are crucial for technology manufacturing; China dominates their processing, making this U.S. partnership strategically significant.
Tim Cook stated, 'American innovation drives everything we do at Apple,' emphasizing the importance of this investment in the U.S. economy.
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