Apple announces $500 million US investment focused on rare earth magnets
Earlier this year, Apple pledged a $500 billion investment in the United States over the next four years. Now, the company is further expanding that pledge with a $500 million plan to “launch an all-new recycling facility for processing recycled rare earth elements.” With this investment, Apple will work with MP Materials and commit to buying American-made rare earth magnets developed in Fort Worth, Texas. The two companies will build out MP Materials’ “state-of-the-art Texas factory” with a “s