Apple expands u.s. supply chain with $500 million commitment to american rare earth magnets

Cupertino, calif.--(business wire)--today apple® announced a new commitment of $500 million with mp materials, the only fully integrated rare earth producer in the united states. with this multiyear deal, apple is committed to buying american-made rare earth magnets developed at mp materials' flagship independence facility in fort worth, texas. the two companies will also work together to establish a cutting-edge rare earth recycling line in mountain pass, california, and develop novel magnet m.
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