Get the latest tech news
Apple cuts a deal for recycling rare earth magnets in the US | The collaboration with MP Materials is part of Apple’s previously announced $500 billion infrastructure investment
Its $500 million investment will also help ramp up US rare earth magnet production.
With the deal, the two companies will partner on the development of a rare earth magnet recycling line in Mountain Pass, California, allowing Apple to use reprocessed electronics and scrap material to build its products. The new deal with MPMaterials also involves expanding the rare earth company’s Fort Worth, Texas factory with neodymium magnet manufacturing lines designed for Apple products. The partnership comes just months after MP Materials announced a deal with the Saudi Arabian Mining Company to establish an alternative to China’s dominant rare earths supply chain, which was put at risk due to Trump’s tariffs.
Or read this on r/technology
