US-made magnets, including recycled feedstock, for Apple hardware from 2027.
Apple committed $500 million to US magnets from MP Materials, including recycled feedstock, for hardware from 2027. The Independence plant in Fort Worth is the floor that has to make that real. Mountain Pass ore in, sintered NdFeB out.
A phone and a humanoid joint are different products. They are the same magnet chemistry. Apple’s check is consumer electronics. The capacity it pays for is also what a robot motor would buy.
Mine-to-magnet is a slogan until a customer this size signs. Apple signed. Fort Worth is the plant on the contract.