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MP’s Mountain Pass facility
A front view of Independence, MP Materials' state-of-the-art rare earth magnet manufacturing facility in Fort Worth [Photo: Business Wire]
Apple Announces $500M Deal to Buy Rare Earth Magnets From MP Materials’ Fort Worth Plant
by David Seeley | Jul 15, 2025
Under the deal, rare earth magnets will be developed from 100% recycled materials at MP's flagship manufacturing plant in Hillwood's AllianceTexas development. Magnet shipments are slated to begin in 2027 and will ramp up to support "hundreds of millions of Apple devices," MP said.
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Trending
North Texas is a big place, with plenty to do, see, hear, and watch. We scour the internet every week to find events and activities for you. As always, things may change at any time, so be sure to check the official website or registration page for the latest details....
Dallas-Fort Worth is charting its own path in artificial intelligence. From applied AI to research and engineering advances, our region leads in advancing real-world solutions. Behind every breakthrough and solution are the people making it happen....
Alabama-based TERREPOWER, which specializes in providing high-quality components to the automotive and industrial markets, has promoted Dallas-based Brandon Handy to chief people officer, effective immediately.
Duncan Gillis, CEO of TERREPOWER, said Handy “has excelled in driving functional initiatives, ensuring strong governance, and elevating collaboration across both our corporate functions and business units.”...
Fort Worth-based Valor—a tech-enabled professional services company that provides oil and gas asset management for mineral rights owners, operators, and investors—is promoting Jason Beck to chief operating officer.
“Jason is a veteran mineral manager and landman; his promotion to chief operating officer is well deserved....
Move Concierge, which offers “white glove” home services and utility set-up for homebuyers, announced its acquisition of Lincoln, Nebraska-based LiveBy, a platform for hyper‑local neighborhood data and community insights.
The acquisition expands Farmers Branch-based Move Concierge’s ability to support real estate professionals and their clients with a fully integrated, insight‑driven resource, from discovering neighborhoods through move‑in, the company said....
Trending
North Texas is a big place, with plenty to do, see, hear, and watch. We scour the internet every week to find events and activities for you. As always, things may change at any time, so be sure to check the official website or registration page for the latest details....
Dallas-Fort Worth is charting its own path in artificial intelligence. From applied AI to research and engineering advances, our region leads in advancing real-world solutions. Behind every breakthrough and solution are the people making it happen....
Alabama-based TERREPOWER, which specializes in providing high-quality components to the automotive and industrial markets, has promoted Dallas-based Brandon Handy to chief people officer, effective immediately.
Duncan Gillis, CEO of TERREPOWER, said Handy “has excelled in driving functional initiatives, ensuring strong governance, and elevating collaboration across both our corporate functions and business units.”...
Fort Worth-based Valor—a tech-enabled professional services company that provides oil and gas asset management for mineral rights owners, operators, and investors—is promoting Jason Beck to chief operating officer.
“Jason is a veteran mineral manager and landman; his promotion to chief operating officer is well deserved....
Move Concierge, which offers “white glove” home services and utility set-up for homebuyers, announced its acquisition of Lincoln, Nebraska-based LiveBy, a platform for hyper‑local neighborhood data and community insights.
The acquisition expands Farmers Branch-based Move Concierge’s ability to support real estate professionals and their clients with a fully integrated, insight‑driven resource, from discovering neighborhoods through move‑in, the company said....
