MP Materials, the operator of the only rare earths mine in the United States, has signed a $500 million deal with Apple.

Apple is investing $500 million with MP Materials to design and manufacture recycled rare earth magnets in the US, specifically for Apple devices.

Apple has announced a $500 million investment in MP Materials, a rare earth mining company based in the US. With the deal, the two companies will partner on the development of a rare earth magnet recycling line in Mountain Pass, California, allowing Apple to use reprocessed electronics and scrap material to build its products.

The introduction of the A19 across the board for the iPhone 17 range is promising. That said, Apple has an outstanding track record for delivering processors which are fast and reliable performers. So, whatever the name of the processor, it’s likely to be up to the task.

MP Materials will supply Apple with magnets it produces at a Texas facility, expanding Apple’s U.S. supply chain at a time when President Trump has pressured Apple to do so.

Apple today announced a $500 million multi-year commitment to buying American-made rare earth magnets developed by MP Materials, at

Even after Prime Day, the latest version of the AirPods Pro is still almost $100 off on Amazon. The Apple AirPods Pro 2 were a hit with our readers this Prime Day, as they were a little more than $100 off on Amazon. We’re now a few days removed from the sale event, and the same pair is still heavily discounted at $169.

Screen mass production is supposed to begin in the fourth quarter of this year, so the foldable iPhone can go on sale in 2026.