Apple commits $500M to U.S.based rare earth recycling firm MP Materials
News Source : TechCrunch
News Summary
- Apple says the commitment announced on Tuesday is part of its pledge to spend more than $500 billion in the U.S. over the next four years.
- The tech giant first used recycled rare-earth elements in the Taptic Engine of iPhone 11 in 2019.
- Today, almost all magnets across its devices are made with 100% recycled Rare-Earth elements.
- The two companies will also collaborate to establish a rare- earth recycling line in Mountain Pass, California.
- The facility will allow MP Materials to process recycledRare-earth feedstock, including materials from used electronics and post-industrial scrap, and reuse it in Apple products.
Apple is investing $500 million in MP Materials, the only fully integrated rare earth mining company currently operating in the United States, as part of a broader effort to strengthen the domestic r [+1276 chars]
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