Apple has announced a new $500 million commitment to MP Materials, the only fully integrated rare earth producer in the United States. Under this multiyear deal, Apple will purchase American-made rare earth magnets developed at MP Materials’ facility in Fort Worth, Texas.
The partnership will also see Apple and MP Materials work together to establish a new rare earth recycling line in Mountain Pass, California. The goal is to develop advanced magnet materials and processing technologies that will enhance magnet performance. This commitment is part of Apple’s broader pledge to invest more than $500 billion in the U.S. over the next four years.
“American innovation drives everything we do at Apple, and we’re proud to deepen our investment in the U.S. economy,” said Tim Cook, Apple’s CEO. “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. 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.”
Apple and MP Materials will expand the state-of-the-art Texas factory with multiple neodymium magnet manufacturing lines specifically designed for Apple products. These new production lines and equipment will significantly increase MP Materials’ overall output. Once completed, the American-made magnets will be shipped nationwide and globally.
The new recycling facility in Mountain Pass will enable MP Materials to process recycled rare earth feedstock, including materials from used electronics and post-industrial scrap, to be reused in Apple products.
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