Apple spends $500M on rare earth recycling
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Apple has committed to investing hundreds of millions of dollars with a company that manufactures rare earth magnets in Fort Worth. The $500 million, five-year agreement means Cupertino, California-based Apple will buy rare earth magnets from MP Materials,
MP Materials, which has the only operational rare earths mine in the U.S., has drawn interest as a challenger to China's dominance from investors ranging from the Pentagon to tech giant Apple in recent days.
Apple has long offered a refurbished store on its website, where it sells recent generation products at a pretty