📰 Apple will purchase American rare earth magnets developed at the MP Materials plant in Texas. The companies will also establish a rare earth processing line in California and develop new magnetic materials and technologies.
🧲 The Texas plant will be equipped with production lines for neodymium magnets for Apple products, enabling MP Materials to increase production.
♻️ The new recycling plant in California will enable MP Materials to recycle rare earth raw materials, including electronic waste, for use in Apple products.
ℹ️ Apple first used recycled rare earth elements in the iPhone 11 in 2019. Today, nearly all magnets in Apple devices are made from 100% recycled rare earth elements. The collaboration with MP Materials will strengthen domestic supply and promote environmentally friendly recycling practices.
#AppleInc #finance #environment @iPhone