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Fort Worth factory to produce magnets for Apple products in new $500 million partnership
Apple's latest investment in a company that manufactures rare earth magnets in Fort Worth signals a significant shift in the tech giant's supply chain strategy, with implications for both the local economy and national manufacturing.
Fort Worth facility to host first-of-its-kind partnership between Apple, rare earth producer
MP Materials, which runs the only American rare earths mine, announced a new $500 million agreement with tech giant Apple on Tuesday to produce more of the powerful magnets used in iPhones as well as other high-tech products like electric vehicles.
In a decisive action to bolster the U.S. supply chain for rare earth magnets—essential elements for fighter jets, missiles, ...
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US government $400M stake in rare earth company draws China comparisonsThe U.S. government has invested $400 million in MP Materials, a rare earth mining company. Stakeholders are criticizing the ...
Apple's $500 million investment in MP Materials is making headlines across the U.S. tech and defense sectors. In a bold move ...
MP Materials is America’s only fully integrated rare earth producer with capabilities ranging from mining to end products.
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MP Materials surges to 52-week high on securing $500m Apple contractApple and MP Materials unveiled a $500 million deal to bolster the iPhone maker’s domestic supply chain for rare‑earth ...
Tech giant Apple (NASDAQ: AAPL) has struck a $500 million deal with Pentagon-backed MP Materials (NYSE: MP), the United ...
The money will allow the business, with operations including a mine in California and a factory in Texas, to dramatically ...
Rare-earth firm MP Materials (MP) stock is skyrocketing after the company announced a deal for the US Department of Defense ...
MP Materials is the only U.S. rare earth miner. Its shares surged after a $400M Pentagon investment aimed at reducing China ...
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