Apple and U.S. Boost Critical Mineral Supply to Reduce Dependence on China
TL;DR Summary
Apple has invested $500 million in MP Materials to develop a rare earth magnet recycling line in California and expand magnet production in Texas, aiming to support the manufacturing of hundreds of millions of Apple devices and strengthen US supply chains for critical materials.
- Apple cuts a deal for recycling rare earth magnets in the US The Verge
- Apple just spent $500 million to source a material that’s critical for iPhones from the US CNN
- America’s Biggest Rare-Earth Producer Makes a Play to End China’s Dominance - WSJ The Wall Street Journal
- U.S. moving fast to secure access to critical minerals to counter China's dominance of market, Pentagon says CNBC
- Apple expands U.S. supply chain with $500 million commitment to American rare earth magnets Apple
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