Apple, MP Materials strike $500 million deal that includes a plant in Fort Worth

Apple has announced a partnership with a company operating in Fort Worth. The deal is part of a $500 million agreement with MP Materials based in Las Vegas.

Apple will buy materials rare earth magnets which are developed from recycled material at MP Materials’ plant in Fort Worth.

“If you look at Fort Worth and our history, we don’t follow, we lead,” says Robert Allen, president and chief executive of the Fort Worth Economic Development Partnership. “That goes all the way back to the cattle drives and our founding as a fort defending Texas.”…

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