Reported about 9 hours ago
Apple has announced a $500 million investment in MP Materials, the only fully integrated rare earth mining company in the U.S., to bolster the domestic rare earth supply chain. This partnership will focus on developing American-made neodymium magnets at MP Materials’ Texas facility and establishing a rare earth recycling line in California to process materials from used electronics. The initiative aligns with Apple's broader commitment to invest over $500 billion in the U.S. over the next four years.
Source: YAHOO