Apple's $500 million investment in MP Materials aims to create a rare earth recycling line in California, allowing the use of recycled electronics for product manufacturing. This initiative is part of a broader commitment to invest $500 billion in the U.S. over four years. The deal also involves expanding MP Materials' Fort Worth factory for magnet production, enhancing U.S. manufacturing capabilities for Apple products. The partnership seeks to support hundreds of millions of devices while improving the recovery of end-of-life materials and collaborations to strengthen the rare earth supply chain.
Apple has announced a $500 million investment in MP Materials, a rare earth mining company based in the US, to develop a rare earth recycling line.
The partnership is part of Apple's commitment to spend $500 billion in the US over the next four years, bolstering its domestic manufacturing base.
MP Materials expects production to ramp up to support hundreds of millions of Apple devices, enhancing the supply chain for rare earth materials.
This collaboration will contribute to strengthening the supply of vital rare earth materials in the United States, essential for advanced technology.
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