Apple and mining company MP Materials announced a joint $500 million investment to develop a rare earth magnet recycling facility, with plans to bolster U.S.-based production and reduce reliance on China.
Under the agreement, Apple will purchase rare earth magnets from MP Materials' expanded factory in Fort Worth, Texas, starting in 2027.
A dedicated commercial-scale recycling line will also be built at MP’s Mountain Pass facility in California. It will process magnet waste and materials recovered from end-of-life electronics, aligning with Apple’s sustainability goals and defense-related U.S. partnerships.
The move is expected to create dozens of new manufacturing and R&D jobs, and eventually support hundreds of millions of Apple devices. Both companies will also work to accelerate innovations in magnet production and recycling technology.
Apple CEO Tim Cook highlighted the partnership as vital for boosting American innovation and said, “American innovation drives everything we do at Apple, and we’re proud to deepen our investment in the U.S. economy”.
The U.S. has long depended on China for rare earth elements, but MP Materials—operator of the country’s only rare earth mine—is leading efforts to localize supply.
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India is investigating a data breach at Tata Electronics that exposed sensitive documents linked to Apple's unreleased iPhone 18 Pro, marking the government's first public comments on the incident.
Russian social media company VK has accused Apple of removing its applications from the App Store without prior notice, prompting the Kremlin to demand an explanation from the U.S. technology giant.
Apple is facing a £3 billion lawsuit in the United Kingdom after a competition tribunal approved a major collective action over its iCloud storage service.
Apple has unveiled a long-awaited upgrade to Siri, aiming to close the gap with technology rivals and emerging artificial intelligence firms in an increasingly competitive market.
The death toll from Venezuela's devastating twin earthquakes has risen to 3,342, according to the country's information ministry, as rescue teams continue searching affected areas and survivors face an uncertain recovery.
Mexico's national football team has returned luxury Rolex watches gifted by American content creator Stevewilldoit after concerns that they could conflict with FIFA's ethics rules.
Governments are tightening restrictions on teenagers’ use of social media amid growing concerns over mental health, online safety and platform design, but questions remain over enforcement and whether bans can meaningfully change behaviour.
President Donald Trump said Iran is keen to reach a deal with the United States, claiming Washington had paused engagement to allow funeral ceremonies for late Iranian Supreme Leader Ali Khamenei.
Thousands of mourners gathered in Tehran on Sunday as Iran held funeral prayers for Ayatollah Ali Khamenei and four members of his family on the second day of mass processions. Three of Khamenei's sons attended the ceremony, while his successor, Mojtaba Khamenei, made no public appearance.
Humanoid robots stumbled, collided and recovered as they battled for the RoboCup 2026 football title on Sunday (5 July), showcasing the latest advances in robotics and artificial intelligence at the world's largest competition of its kind.
India is investigating a data breach at Tata Electronics that exposed sensitive documents linked to Apple's unreleased iPhone 18 Pro, marking the government's first public comments on the incident.
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American technology company Snap has launched its first augmented-reality (AR) glasses for consumers, marking a major push into wearable computing as tech firms race to redefine personal devices in the AI era.
The Canadian government has introduced a digital safety bill that would ban children under the age of 16 from using social media, unless platforms meet specific safety standards.
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