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Post: Apple to pour $500M into US rare earth supply for iPhones – Computerworld

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As I’ve noted before, it will take the better part of a decade for Apple or anyone else to manufacture smartphones in mass market quantities in the US. Getting there requires huge investments to solve big problems, including training, manufacturing, component sourcing, and raw materials supply.

And now, Apple is about to invest $500 million in the last of those, working with the only US rare earth supplier, MP Materials. The decision includes plans to purchase US-made rare earth magnets from the company in what is being billed as a win for the Trump Administration. Apple and MP Materials will build a new recycling facility in which to extract materials from used electronics, along with another factory to make components for Apple devices.

Unlocking the component supply chain

It’s a big deal because right now China produces around 60% of the globe’s rare earths and processes around 90% of that material. The investment puts at least some of that capacity in US hands, even though a recent deal with China saw the trade in those critical materials between the two nations resume. (The materials are available elsewhere, but they are so rare they are paid for in human misery.)

Lora Helmin

Lora Helmin

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