Apple Commits $500 Million for Rare-Earth Magnets
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Apple is investing $500 million in a deal with US rare earths company MP Materials as the iPhone maker faces pressure from President Donald Trump to produce its popular smartphones domestically.
Apple announced a $500 million deal with MP Materials for the development of a recycling facility and rare earth magnets to boost overall production on Tuesday.
Apple is investing $500 million with MP Materials to design and manufacture recycled rare earth magnets in the US, specifically for Apple devices.
Even after Prime Day, the latest version of the AirPods Pro is still almost $100 off on Amazon. The Apple AirPods Pro 2 were a hit with our readers this Prime Day, as they were a little more than $100 off on Amazon. We’re now a few days removed from the sale event, and the same pair is still heavily discounted at $169.
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