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Apple to buy rare earths from Pentagon-backed US producer MP in US$500 million deal
Apple has struck a US$500 million deal to buy rare earth minerals from MP Materials, the US producer that just last week secured backing from the Pentagon. The two companies will build a factory in Texas, with neodymium magnet manufacturing lines tailored for Apple products, the iPhone maker said Tuesday in a statement.
MP Materials, the operator of the only rare earths mine in the United States, has signed a $500 million deal with Apple.
U.S. Commerce Secretary said Nvidia's plans to start selling its H20 chips are tied to ongoing trade discussions with China regarding REEs.
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A new trade agreement between the US and China has eased export restrictions on rare earth minerals, bringing relief to ...
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The Trump administration is about to perform its latest reversal in trade negotiations with China, if Nvidia is to be ...
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