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.
French Prime Minister François Bayrou has unveiled a sweeping budget plan that includes scrapping two public holidays—Easter Monday and 8 May, whic...
U.S. Secretary of State Marco Rubio and the foreign ministers of France, Germany and the UK have agreed to set the end of August as the unofficial dea...
U.S. President Donald Trump on Tuesday announced a new trade agreement with Indonesia, calling it a “great deal” that includes a 19% tariff and ex...
U.S. President Donald Trump said on Tuesday that Ukrainian forces should not strike Moscow, rejecting reports that he approved long-range missile deli...
Canadian Prime Minister Mark Carney says it’s unlikely his government can strike a tariff-free trade deal with the U.S....
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.
A U.S. appeals panel has rejected Apple’s request to pause a ruling that restricts the tech giant from charging commissions on in-app purchases made outside its payment system—delivering a major blow to the company in its long-running legal fight with Epic Games.
A new European Union law coming into effect on June 20 mandates smartphone makers to provide five years of software updates, energy labels, and improved repairability—setting new standards that may reshape the global smartphone industry.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
Authorities in North Carolina are investigating three potential storm-related deaths linked to severe flooding from the remnants of Tropical Storm Chantal, officials said Tuesday.
Start your day informed with AnewZ Morning Brief: here are the top news stories for 10th July, covering the latest developments you need to know.
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.
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.
Meta CEO Mark Zuckerberg announced plans to invest hundreds of billions of dollars into building next-generation AI data centres, signalling an aggressive long-term bet on superintelligence and reaffirming Meta’s leadership ambitions in the global AI race.
Peggy Whitson, NASA retiree turned private astronaut, headed for splashdown in the Pacific on Tuesday after her fifth trip to the International Space Station, joined by crewmates from India, Poland, and Hungary returning from their countries’ first ISS mission.
A team led by Prof. Mingtai Wang at the Hefei Institutes of Physical Science has developed a breakthrough method to control the spacing of titanium dioxide nanorods without changing their size, significantly improving solar cell efficiency.
Israeli researchers have unveiled an artificial intelligence tool that can determine a person’s true biological age from tiny DNA samples with remarkable precision.
Scientists have detected the most massive black hole merger ever observed, with gravitational waves from more than 10 billion light years away challenging current theories of black hole formation.
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