Apple, MP Materials
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The factory will develop a series of neodymium magnet manufacturing lines specifically designed for Apple products.
The deal, announced on Tuesday, guarantees Apple a steady flow of rare earths and magnets free from China, the world's largest producer.
EXCLUSIVE: Apple is expected to announce a $500 million commitment to MP Materials — the only rare earth mine currently operating in the United States, according to multiple sources familiar with the deal.
As part of its already-announced US manufacturing effort, Apple is committing $500 million to a rare earth recycling firm, to develop new materials that it will use in future devices including the iPhone.
The tech giant will help build a recycling plant at the nation's only operating rare earths mine in California.
Apple TV+ has the most nominated program at the 2025 Emmy Awards in drama Severance, with 27 noms for its second season, and most nominated comedy series in The Studio (23), which broke the record of another Apple series,
A legal ruling could see Apple banned from selling iPhones made with Chinese displays within the US. The ruling
Apple’s most worrisome weaknesses are on display, from a lackluster AI strategy to a string of executive departures.
In 1990, Dan Apple was more than halfway through his undergraduate education at the University of North Carolina at Greensboro when he decided to leave school for the workforce. “I mistakenly thought that I knew everything and would be fine without finishing college,