Apple Invests $500M with MP Materials to Secure U.S. Rare Earth Supply & Recycling
Do Son 
Apple has announced plans to invest up to $500 million over the coming years in a strategic partnership with MP Materials, a rare earth magnet manufacturer based in the United States. This initiative encompasses not only the procurement of critical components but also collaborative efforts in technological development and the construction of recycling facilities. Beyond reinforcing Apple’s own supply chain, the project carries significant strategic weight in bolstering U.S. autonomy over vital mineral resources.
Rare earth magnets are essential materials embedded across a range of Apple products, including the iPhone, MacBook, and Apple Pencil. Apple has long championed the use of recycled materials in its devices. This latest collaboration with MP Materials signals an expansion of that commitment—from the extraction of raw materials to domestic manufacturing at scale.
MP Materials remains the sole U.S.-based company with comprehensive capabilities for refining and processing rare earth elements. Together, the two companies will expand MP Materials’ facility in Texas, constructing a manufacturing line tailored specifically for Apple’s requirements. The partnership is expected to create dozens of high-skilled jobs in manufacturing and R&D. The magnets produced in these American facilities will eventually power Apple products worldwide, addressing the increasing demand across global markets.
Apple had already pioneered the use of recycled rare earth elements with the Taptic Engine in the iPhone 11, released in 2019. Today, MP Materials counts the U.S. Department of Defense as its largest shareholder—a reflection of the growing strategic importance of rare earth supply chains not only for commercial technology but also for national defense.
Apple CEO Tim Cook remarked, “American innovation drives everything we do at Apple, and we’re proud to deepen our investment in the U.S. economy. Rare earth materials are essential for making advanced technology, and this partnership will help strengthen the supply of these vital materials here in the United States.”
In addition to strengthening its supply chain, Apple and MP Materials will jointly establish a rare earth recycling facility in California. The two companies will also develop new magnetic materials and advanced manufacturing techniques aimed at improving magnet performance and processing efficiency—advancing their shared vision of sustainability and closed-loop resource use.
This initiative is part of Apple’s broader U.S. investment strategy. In 2021, Apple pledged $430 billion in domestic investments over four years—a figure that has now been expanded to $500 billion. While inflation may temper the real value of these investments, Apple emphasizes that its commitment to American manufacturing remains steadfast and unwavering.
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