Apple Invests $500M in Rare Earth Recycling with MP Materials
Apple backs MP Materials with $500M to boost rare earth recycling and domestic magnet production in the U.S.
Matilda
Apple Invests $500M in Rare Earth Recycling with MP Materials Apple Rare Earth Recycling Investment Strengthens U.S. Supply Chain Apple has committed $500 million to MP Materials, the only fully integrated rare earth mining and processing company operating in the U.S., marking a major step toward securing a domestic rare earth supply chain. This move answers a critical need: many consumers and industry observers have been asking how Apple plans to reduce its dependence on international suppliers for essential components like magnets. With this investment, Apple is not only ensuring long-term access to neodymium magnets for its devices, but also championing sustainability by helping MP Materials build a rare earth recycling facility in California. The investment aligns with Apple’s broader goal of spending over $500 billion in the U.S. economy over the next four years, and it reinforces the company’s leadership in sustainable tech innovation. Image Credits:Sebastian Ng/SOPA Images/LightRocket / Getty Images Apple Rare Earth Recycling Facility Target…
