Apple aims to end rare earth reliance on China with $500M deal

Apple has committed $500 million in a multi-year deal with MP Materials, the only U.S.-based company that mines, processes, and manufactures rare earth materials entirely domestically. This partnership aims to reduce reliance on China for critical rare earth elements, especially neodymium magnets used in Apple devices. As part of the agreement, Apple will purchase American-made magnets from MP Materials’ expanded Independence facility in Texas, which will feature new manufacturing lines tailored for Apple products and is expected to begin global supply by 2027. The expansion will create advanced manufacturing and R&D jobs, alongside training programs to build U.S. expertise in rare earth magnet production. Additionally, Apple and MP Materials will establish a state-of-the-art rare earth recycling plant at the Mountain Pass facility in California to recover materials from electronic waste and industrial scrap, further integrating recycled rare earths into Apple’s supply chain. This initiative builds on Apple’s prior use of recycled rare earth elements since 2019 and supports its broader commitment to invest