Under the agreement, worth $500-million, magnets will be produced at MP’s Fort Worth facility, dubbed Independence, using post-industrial and end-of-life rare earth materials processed at the company’s Mountain Pass site in California. The feedstock will come from recycled sources.
To support the agreement, MP will build a commercial-scale recycling line at Mountain Pass capable of processing a wide range of inputs, including magnet scrap and components from end-of-life devices. Magnet shipments to Apple are expected to begin in 2027, with volumes scaling to support hundreds of millions of devices.

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