Apple commits $500 million over several years to buy US-made rare earth magnets

Apple simply hit The company in the United States has been in a few years to get a rare earth of MP’s materials. This rare earth magnets are also used in iPhone, MacBooks and Apple Pen Stylus, including products in a number of products. The magnets prepared by America will be sent all over the world and “to meet the material with increasing global demand”.

MP Materials are the only fully integrated rare land manufacturer in the country. The two companies also consider working together to work together to improve the processing enterprise in Texas and set up a number of production lines specifically for Apple products. After completing the factory, the factory will support them in advanced production and dozens of new jobs in Ard R & D. “

“We are proud to manage everything in American Innovation Apple and deepen our investment in the US economy,” said Apple CEO Tim Cook. “Rare land materials are important to prepare advanced technology, and this partnership will help strengthen the supply of these vital materials here in the United States.”

Apple and MP will also develop the team to the team to increase the team and magnetic performance to the team to create recycling construction in California.

This is part of Apple’s pre-existing collateral It is a slight increase over the next four years . Adjusted for inflation, .

Apple preferred to use rare land elements, mainly in consumer electronics. Started using these materials on the iPhone 11’s Taptic engine. Pentagon has recently been recently The largest shareholder of MPsRare land materials are also key components in a number of military weapons systems.

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