Fort Worth is quickly emerging as a major hub in the race to secure critical materials for advanced manufacturing.
In a landmark announcement, Apple recently revealed a $500 million investment in MP Materials, the only rare earth mining company headquartered in the United States, with plans to build a state-of-the-art magnet production facility in Fort Worth.
The Fort Worth facility will produce rare earth magnets, a vital component used in many Apple devices such as iPhones, iPads, and MacBooks. These magnets are also essential to electric vehicles, wind turbines, and national defense technologies. With this new plant, Apple aims to strengthen its domestic supply chain, increase American innovation and reduce dependence on foreign suppliers, particularly China, which dominates the global rare earth market…