Apple has reached a multiyear agreement with MP Materials involving a $200 million upfront payment for sourcing American-made neodymium magnets from Texas. This deal encompasses advanced production lines for Apple's product needs, with initial shipments expected by 2027. Additionally, a recycling line will process rare-earth materials to support Apple's sustainability goal of utilizing 100% recycled rare-earth elements. This partnership positions MP's Texas facility as vital in the global rare-earths market and signals a strategic move against geopolitical tensions, particularly with China controlling a large portion of resources.
The multiyear deal includes a $200 million upfront payment for Apple to source American-made rare-earth magnets from MP's new manufacturing lines in Fort Worth, Texas, collaborating on a recycling facility in Mountain Pass, California.
At the heart of the agreement is Apple's pledge to buy neodymium magnets from MP Materials' Texas facility, essential for iPhones, Macs, and AirPods, with the first shipments expected by 2027.
The deal positions MP Materials' Texas plant to become a key node in the global rare-earths market and supports job creation in advanced manufacturing and R&D.
A dedicated recycling line will process rare-earth materials from used electronics, helping Apple achieve its goal of using 100% recycled rare-earth elements in its devices.
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