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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Belarusian President Alexander Lukashenko stated in an interview published on Friday that he has no intention of seeking another term in office and di...
Nikol Pashinyan and U.S. envoy Steve Witkoff discussed strengthening Armenia-U.S. strategic relations ahead of planned trilateral meetings at the Whit...
Apple has pledged an additional $100 billion investment in the U.S., bringing its total commitment to $600 billion over four years, in a move seen as easing tensions with President Donald Trump over potential iPhone tariffs.
Australia's internet safety regulator has criticised YouTube and Apple for failing to track or respond adequately to reports of child sexual abuse material on their platforms.
Germany’s data protection commissioner has called on Apple and Google to block the Chinese AI app DeepSeek from their platforms over illegal data transfers and privacy concerns.
A year after unveiling its bold AI strategy, Apple finds itself in an unexpected place — not at the forefront, but falling behind. As rivals accelerate, Apple stands at a crossroads.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
Chinese automaker Chery has denied an industry-ministry audit that disqualified more than $53 million in state incentives for thousands of its electric and hybrid vehicles, insisting it followed official guidance and committed no fraud.
Scientists have discovered previously unknown communities of deep-sea creatures that survive by converting chemicals into energy, rather than feeding on organic matter, during dives into two of the Pacific Ocean’s deepest trenches.
The acting chief of the U.S. space agency NASA is expected to unveil a directive this week to build a nuclear reactor on the moon by 2030, according to U.S. media reports, as the United States seeks to strengthen its space presence amid growing competition from China and Russia.
Scientists in Norway have uncovered remains of more than 40 species from around 75,000 years ago, shedding new light on Ice Age life in Scandinavia.
Türkiye’s first domestically produced electric SUV, the Togg T10X, is expected to hit the German market by the end of 2025, German daily Bild reported.
A SpaceX Falcon 9 rocket successfully launched from NASA’s Kennedy Space Center in Florida on Friday, sending an international crew of four astronauts to the International Space Station (ISS) aboard the Dragon spacecraft as part of NASA’s Crew-11 mission.
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