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.
Apple has worked with MP Materials for almost five years to pilot the new recycling technology, though the companies haven’t shared any details about when the…
