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News

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

TechRepublic · 2d
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 · 3d
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.
The Wall Street Journal on MSN · 3d
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.
3don MSN
Apple Drops $500 Million on Rare Earth Magnets—Why iPhones Depend on Them
The magnets, which are crucial for powering components like iPhone vibration motors, will be produced at MP's Fort Worth, Texas plant.
3don MSN
Apple's latest message to Trump: We're buying American magnets
Apple is investing $500 million with MP Materials to design and manufacture recycled rare earth magnets in the US, ...

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