Apple has committed $500 million to buying recycled rare earth magnets from MP Materials, a mining company with a major manufacturing hub in far north Fort Worth.

Apple has committed to investing hundreds of millions of dollars with a company that manufactures rare earth magnets in Fort Worth. The $500 million, five-year agreement means Cupertino, California-based Apple will buy rare earth magnets from MP Materials,

MP Materials is a US producer that just last week secured backing from the Pentagon, and will now be working with the biggest name in consumer technology.