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MP Material’s Fort Worth factory to produce magnets for Apple products in new $500 million partnership

  • 7/15/2025

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Dallas Business Journal

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Story Highlights
Apple commits $500 million to buy rare earth magnets from MP Materials.
MP Materials produces magnets in Fort Worth using recycled materials.
Partnership aims to strengthen U.S. rare earth materials supply chain.

MP Materials Corp (NYSE: MP)
James H. Litinsky | Founder, Chairman & CEO
702-844-6111
Apple Inc. (Nasdaq: AAPL)
Sumit Gupta | Sr. Director Products, AI, Data Centers & Infrastructure
[email protected]
408-974-3123

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