MP Materials has entered a $500 million long-term agreement with Apple to supply rare earth magnets made entirely from recycled materials—produced in the U.S. This partnership will support Apple’s goal to use 100% recycled rare earth elements in its products while reinforcing domestic supply chains.
Under the agreement, MP will manufacture the magnets at its Fort Worth, Texas facility, using recycled feedstock processed at its Mountain Pass site in California. These materials will come from post-industrial and end-of-life magnets, making this initiative a significant step in building a circular economy for high-tech components.
Five years in the making
This milestone follows nearly five years of collaboration between the two companies to develop advanced recycling methods. MP Materials will now build a commercial-scale recycling line at Mountain Pass to process a wide range of inputs—including magnets recovered from Apple devices.
To meet Apple’s demand, MP will also expand its Fort Worth plant, a move that aligns with its public-private partnership with the U.S. Department of Defense. Magnet shipments are set to begin in 2027, eventually powering hundreds of millions of Apple products.
Strengthening U.S. supply chains
“This collaboration deepens our vertical integration, strengthens supply chain resilience, and reinforces America’s industrial capacity at a pivotal moment,” said James Litinsky, MP Materials Founder, Chairman, and CEO.
Rare earth magnets are vital for smartphones, wearables, electric vehicles, robotics, and renewable energy systems. By closing the loop through recycling, this partnership reduces waste, conserves resources, and brings magnet production back to American soil.
A national asset
MP Materials remains the only U.S. company with a fully integrated rare earth supply chain. With this Apple agreement, it aims to set new global standards for sustainable magnet manufacturing while securing a critical component for the digital economy.
