Apple-MP Materials Rare-Earth Magnets Manufacturing and Recycling Partnership
One of 14 projects Taiyo tracks in Texas and California.
Source: Fortune
Apple has committed $500 million to MP Materials to source American-made rare-earth magnets from new manufacturing lines in Fort Worth, Texas, and to collaborate on a state-of-the-art recycling facility in Mountain Pass, California. The deal includes a $200 million upfront payment and aims to build advanced production lines tailored for Apple's needs, with first shipments expected by 2027. The par
- Status
- Prospective
- Sector
- Manufacturing (Industrial)
- Location
- Fort Worth and Mountain Pass, Texas and California, United States of America
- Updated
- 22 Jul 2026
- Source
- Fortune
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Project Information
Participants
| Not available for this record. |
Status
Original status | planned |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | Apple has committed $500 million to MP Materials to source American-made rare-earth magnets from new manufacturing lines in Fort Worth, Texas, and to collaborate on a state-of-the-art recycling facility in Mountain Pass, California. The deal includes a $200 million upfront payment and aims to build advanced production lines tailored for Apple's needs, with first shipments expected by 2027. The partnership also includes launching a dedicated recycling line to process rare-earth materials from used electronics and scrap, supporting Apple's goal of using 100% recycled rare-earth elements in its devices. |
Original sector | Manufacturing |
Budget |
Location
Country | United States of America (USA) |
State | Texas and California |
City | Fort Worth and Mountain Pass |
Source
Source | Fortune |
URL |
More Details
Record type | Project |
Sector | Manufacturing (Industrial) |
Article published date | 2025-09-15 |
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