Apple cuts a deal for recycling rare earth magnets in the US
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Apple has committed to a $500 million investment in MP Materials, a US-based rare earth mining firm. This partnership involves creating a recycling facility for rare earth magnets in Mountain Pass, California, enabling Apple to incorporate reprocessed electronics and scrap materials in its product manufacturing.

For nearly five years, Apple and MP Materials have collaborated to advance this recycling technology. However, specific details regarding the launch of the project remain undisclosed by both companies.

The agreement with MP Materials also includes an expansion of the company’s Fort Worth, Texas facility. This will involve setting up neodymium magnet production lines specifically for Apple products. MP Materials aims to increase production and distribute American-made magnets nationally and internationally starting from 2027.

MP Materials expects production to “ramp up to support hundreds of millions of Apple devices.” It will also continue collaborating with Apple to improve magnet production and end-of-life recovery. The partnership comes just months after MP Materials announced a deal with the Saudi Arabian Mining Company to establish an alternative to China’s dominant rare earths supply chain, which was put at risk due to Trump’s tariffs. The US and China have since signed onto a rare earths export deal.

“Rare earth materials are essential for making advanced technology, and this partnership will help strengthen the supply of these vital materials here in the United States,” Apple CEO Tim Cook said in the press release. “We couldn’t be more excited about the future of American manufacturing, and we will continue to invest in the ingenuity, creativity, and innovative spirit of the American people.”

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