Apple Commits $500m To U.s.-based Rare Earth Recycling Firm Mp Materials

Apple is investing $500 cardinal successful MP Materials, nan only afloat integrated uncommon world mining institution presently operating successful nan United States, arsenic portion of a broader effort to fortify nan home uncommon world proviso chain.

The tech elephantine announced connected Tuesday that pinch this deal, it’s committed to buying American-made uncommon world magnets developed astatine MP Materials’ flagship installation successful Fort Worth, Texas. The mill will create a bid of neodymium magnet manufacturing lines specifically designed for Apple products.

Apple says that erstwhile nan American-made magnets are built, they will beryllium shipped crossed nan state and each complete nan world to thief reside expanding world request for nan material.

The 2 companies will besides collaborate to found a uncommon world recycling statement successful Mountain Pass, California. The installation will let MP Materials to process recycled uncommon world feedstock, including materials from utilized electronics and post-industrial scrap, and reuse it successful Apple products.

In addition, nan companies will activity together to create caller magnet materials and processing technologies to heighten magnet performance.

Apple says nan committedness announced connected Tuesday is portion of its promise to walk much than $500 cardinal successful nan U.S. complete nan adjacent 4 years.

The tech elephantine first utilized recycled uncommon world elements successful nan Taptic Engine of iPhone 11 successful 2019. Today, almost each magnets crossed its devices are made pinch 100 percent recycled uncommon world elements.