Mp materials and apple announce $500 million partnership to produce recycled rare earth magnets in the united states

Las vegas--(business wire)---- $mp #rareearth--mp materials (nyse: mp) today announced a definitive, long-term agreement to supply apple with rare earth magnets manufactured in the united states from 100 percent recycled materials. under the agreement, mp materials will supply apple with magnets produced at its fort worth, texas, facility—known as independence—using recycled rare earth feedstock processed at mp's mountain pass site in california. the feedstock will be sourced from post-industrial and end-of-life.
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