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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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.
Apple and Meta have publicly opposed a Canadian bill they say could force technology companies to weaken encryption on devices and online services if it becomes law.
President Donald Trump has warned that the U.S. could impose "big" tariffs on British goods if the UK does not remove its digital services tax. Speaking to reporters at the White House on Thursday, Trump said Washington was ready to act in response to the levy on major American technology firms.
Tim Cook, the tech boss who led Apple to become a $4 trillion company in its post-Steve Jobs era, is stepping down after 15 years in the top job. John Ternus, an Apple veteran of 25 years, who is currently the U.S. company’s Vice President of Hardware Engineering, will take over from September.
Mexico and South Africa meet in Thursday’s World Cup opener in Mexico City, with both teams approaching the match from very different positions but facing their own pressures.
Azerbaijan's Foreign Ministry says 19 citizens have been repatriated following a deadly drone attack on two cargo ships in the Sea of Azov on 5 June.
The Pakistani city of Karachi is struggling under severe heat and humidity as the country enters a prolonged heatwave period. The Pakistan Meteorological Department (PMD) has warned of above-normal temperatures across much of the country between 7 and 12 June.
Ukraine's military said it struck a Russian "shadow fleet" tanker in the Black Sea as part of ongoing efforts to disrupt Moscow's energy and logistics networks. The move underscores Kyiv's focus on targeting maritime assets it says are used to bypass sanctions on Russian oil exports.
U.S. forces say they have completed strikes on Iranian military sites near the Strait of Hormuz. Iran responded with missile attacks on an American base in Jordan, marking a sharp escalation in tensions between the two sides.
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.
NASA has named three American astronauts and one Italian astronaut to fly on its Artemis III mission, a major orbital test planned for late next year that will evaluate lunar landing vehicles developed by SpaceX and Blue Origin.
China will send an astronaut to its space station on Sunday for a one-year mission, the longest duration for the country so far. The mission will help study long-duration human physiology in space as China works toward a crewed Moon landing by 2030.
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