U.S.-based companies Energy Fuels and Vulcan Elements have signed a memorandum of understanding (MoU) to collaborate on creating a resilient domestic supply chain for rare earth magnets independent of China. “Energy Fuels and Vulcan Elements are innovative companies with similar visions of creating a secure Western rare earth magnet supply chain. We have both proven our capacity to deliver rare…
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MP Materials partners with Apple on recycled RE magnets
MP Materials has entered a definitive, long-term agreement to supply Apple with rare earth magnets manufactured in the United States entirely from recycled materials, supporting American manufacturing and circular supply chains. “We are proud to partner with Apple to launch MP’s recycling platform and scale up our magnetics business,” said James Litinsky, founder, chairman and CEO of MP Materials. “This…
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