https://www.foxbusiness.com/politics/apple-backs-trump-rare-earth-minerals-push-invests-500m-us-mine
By Brooke Singman FOXBusiness
Apple is expected to announce a $500 million commitment to MP Materials — the only rare earth mine currently operating in the United States, according to multiple sources familiar with the deal.
The agreement includes plans for Apple to purchase American-made rare earth magnets from MP Materials’ Texas facility, marking a “major win” for the Trump administration, according to those familiar with the deal.
The Trump administration has made rare earth mining and bolstering domestic supply chains two of its top national security priorities.
Apple’s agreement with MP Materials is also expected to include the building of a new recycling facility in Mountain Pass, California, which will reprocess materials from used electronics to be used in future Apple products.
Sources told Fox News Digital that Apple and MP Materials will also build another factory in Fort Worth, Texas, to produce magnets that will be used in Apple products and other electronics around the globe.
“This is a huge win for the president, who has the foresight to make this issue a priority,” a senior White House official told Fox News Digital.
