Apple's $500 million investment in MP Materials is a significant move towards securing a domestic supply of rare earth magnets essential for its products. This investment is part of Apple's broader strategy to reduce reliance on China for critical materials and to strengthen the U.S. supply chain. The deal includes the construction of a new manufacturing line and a recycling facility, which will enable MP Materials to produce magnets using recycled materials. This partnership is expected to support Apple's commitment to using 100% recycled rare earth elements in its products, marking a significant step towards sustainability and reducing environmental impact.
CHEYENNE, Wyo. (AP) — The developer of what would be the first new coal mine in Wyoming in decades is launching a potentially half-billion-dollar effort to extract rare earth metals from the fossil fuel that are crucial for tech products and military hardware.
Energy Secretary Chris Wright, Wyoming Gov. Mark Gordon, and Wyoming's congressional delegation took part in a ribbon-cutting ceremony Friday for Ramaco Resources, Inc.'s Brook Mine outside Ranchester in northeastern Wyoming.