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MP Materials to supply Apple with US-made rare earth magnets

TechRepublic · 1d

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 · 2d

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.

MarketWatch on MSN · 3d

MP Materials’ stock heads for a new high. What’s behind Apple’s new rare-earths deal.

The iPhone maker is committing $500 million to buying rare-earth magnets from the company’s flagship facility in Texas, which Apple is helping to build out.

Apple, MP Materials Agree to $500 Million Partnership to Produce Recycled Rare Earth Magnets in Fort Worth

Apple and MP Materials have agreed on a $500 million commitment to purchase magnets made of recycled rare earth ...

The Institute for Energy Research29m

U.S. Defense Department Takes a Stake in a Rare Earth Company

The Defense Department (DOD) is investing in MP Materials to undercut China’s rare-earth magnet dominance. China dominates the supply ...

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