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rare earth magnets
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.
by David Seeley and Lance Murray |
Jan 22, 2025
Las Vegas-based MP Materials said the achievements at its Fort Worth facility bring the U.S. closer to reestablishing "a fully integrated, domestic supply chain for these critical components for the first time in decades." A key MP customer: General Motors and its electric vehicles.
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by Quincy Preston and Sandra Engelland |
Apr 21, 2022
Through a long-term agreement with General Motors, MP Materials is bringing its MP Magnets division to AllianceTexas and today began building a new, 200,000-square-foot rare earth magnetics and materials manufacturing facility.
The goal: Reshore this critical component for America's EV batteries, robots, drones, defense systems, and other tech. “We’ll bring the supply chain home,” MP's CEO promised today.
The goal: Reshore this critical component for America's EV batteries, robots, drones, defense systems, and other tech. “We’ll bring the supply chain home,” MP's CEO promised today.
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