Apple has announced a $500 million investment in MP Materials - the only U.S. rare earth mining and processing operator - to support a new magnet manufacturing facility in Texas, adding to the firm’s existing plant in Alliance, North Fort Worth.
The deal - seen as a major win for bolstering U.S. supply chains and reducing dependence on China - comes just days after the Department of Defense put $400 million into MP Materials, followed by a Pentagon loan aimed at boosting domestic production.
Located in Alliance, Texas near the airport, MP Materials’ Fort Worth “Independence” facility began trial production of rare earth metals and magnets earlier this year, primarily to serve electric vehicle, drone, robotics, and defense industries.
The new capital from Apple will help build a second magnet fabrication plant and a recycled magnet supply chain hub across North Texas, promising hundreds of skilled jobs and solidifying the region's role as a cornerstone of America’s high-tech manufacturing resurgence.
Officials in Fort Worth, including Mayor Mattie Parker, have hailed the expansion at Alliance as a big win for local economic growth and national security. The synergy of tech giants like Apple, the Pentagon, and MP Materials sets a new precedent—and it all runs through North Fort Worth's rapidly evolving industrial landscape.
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