Apple announced a $500 million deal with MP Materials for the development of a recycling facility and rare earth magnets to boost overall production on Tuesday.

Green-washing, probably. But big tech’s hunger for rare earth components is real enough.

The company will buy rare earth magnets created by MP Materials. Both companies will combine on a new recycling line in Mountain Pass, Calif., to meet global demand. Apple said it plans to spend more than $500 billion in the U.S. over the next couple of years on advancing manufacturing and next-generation recycling technologies.

  • parody@lemmings.world
    3·
    8 days ago

    Cynical take would be more appeasement than green washing, given US president push to Americanize blah blah.

    Full stop on global rare earth export outta China makes the need real perhaps, per your hunger comment.