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

· 3d · on MSN

Apple in $500 million rare earth magnet deal with MP to expand US supply chain

Apple has signed a $500 million deal with MP Materials for rare earth magnets, mitigating supply risks after China curbed exports this year and representing a major coup for MP that sent its shares soaring by a fifth.

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Apple Invests $500M to Secure US Supply of Rare Earth Magnets

· 4d · on MSN

Apple Commits $500 Million for Rare-Earth Magnets from U.S. Supplier

4don MSN

America’s only rare earth producer gets a boost from Apple and Pentagon agreements

MP Materials, the operator of the only rare earths mine in the United States, has signed a $500 million deal with Apple.

3don MSN

America’s Biggest Rare-Earth Producer Makes a Play to End China’s Dominance

MP Materials’ goal to become a national rare-earths “champion” that can go toe-to-toe with China was turbocharged by Pentagon ...

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