MP Materials and Apple Partner for $500M in Sustainable Rare Earth Magnets

Reported 1 day ago

MP Materials Corp. has announced a long-term $500 million partnership with Apple to produce US-made, sustainable rare earth magnets entirely from recycled materials. This collaboration, developed over five years, aims to establish domestic supply chains and enhance recycling technology, with magnets manufactured in Texas and feedstock processed in California from post-industrial waste.

Source: YAHOO

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