Apple is investing $500 million in MP Materials to ensure that the rare earth magnets used in its products are manufactured in the United States instead of abroad. These small but powerful magnets are crucial for many devices, and Apple aims to secure a reliable, domestically-produced supply as demand increases.
Apple and MP Materials have agreed to recycle rare earth elements from old electronics at a California facility, allowing consumers’ used devices to contribute to the production of future products. This initiative aligns with Apple’s broader sustainability efforts, as they’ve been incorporating recycled materials into their devices since 2019 and intend to invest over $500 billion in U.S. projects over the next four years. The move promotes less waste, reduces the need for new mining, and supports a more environmentally friendly tech industry.
Sources News From Various Digital Platforms, Websites, Journalists, And Agencies.
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