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News

Apple Invests $500 Million in U.S. Rare-Earth Supply Chain

TechRepublic · 4h
Apple Invests $500M to Secure US Supply of Rare Earth Magnets
Apple’s investment in the mining company MP Materials will also help the tech giant reduce its dependence on China for rare earth metals.
Reuters on MSN · 1d
Apple inks $500 million rare earth magnet deal to bring supply back to US
Apple has signed a $500-million deal with Pentagon-backed MP Materials for a supply of rare earth magnets, becoming one of the first tech companies to ink a U.S. supply agreement after China curbed exports earlier this year.
The Wall Street Journal on MSN · 1d
Apple Commits $500 Million for Rare-Earth Magnets from U.S. Supplier
MP Materials will supply Apple with magnets it produces at a Texas facility, expanding Apple’s U.S. supply chain at a time when President Trump has pressured Apple to do so.
1d
Apple strikes $500M deal to source rare-earth materials from Fort Worth facility
MP Materials is a US producer that just last week secured backing from the Pentagon, and will now be working with the biggest ...
1don MSN
Apple backs Trump rare earth minerals push, invests $500M in US mine
EXCLUSIVE: Apple is expected to announce a $500 million commitment to MP Materials — the only rare earth mine currently ...
54mon MSN
This Company Used To Be Obscure. Now Apple and the DOD Are Buying In
MP Materials, which has the only operational rare earths mine in the U.S., has drawn interest as a challenger to China's ...

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