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The factory will develop a series of neodymium magnet manufacturing lines specifically designed for Apple products.
Apple has committed $500 million over several years to buy US-made rare earth magnets. This is a partnership with US Materials.
MP Materials, the operator of the only rare earths mine in the United States, has signed a $500 million deal with Apple.
The magnets, which are crucial for powering components like iPhone vibration motors, will be produced at MP's Fort Worth, Texas plant.
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