Apple commits $500M to U.S.-based rare earth recycling firm MP Materials

Core Insights - Apple is investing $500 million in MP Materials to strengthen the domestic rare earth supply chain [1] - The investment includes a commitment to purchase American-made rare earth magnets from MP Materials' facility in Fort Worth, Texas [2] - The collaboration will also focus on establishing a rare earth recycling line in Mountain Pass, California, processing materials from used electronics [3] - This initiative is part of Apple's broader pledge to invest over $500 billion in the U.S. over the next four years [4] - Apple has been using recycled rare earth elements in its products since 2019, with nearly all magnets in its devices now made from 100% recycled materials [4]