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Apple inks $500 million rare earth magnet deal to bring supply back to US
Apple has signed a $500-million deal with Pentagon-backed MP Materials for a supply of rare earth magnets, becoming one of the first tech companies to ink a U.S. supply agreement after China curbed exports earlier this year.
The factory will develop a series of neodymium magnet manufacturing lines specifically designed for Apple products.
Announced on Tuesday, the agreement guarantees Apple a steady flow of rare earth magnets independent of China, which ...
Following its commitment to spend more than $500 billion in the U.S., Apple announced a partnership to buy American rare ...
MP Materials is a US producer that just last week secured backing from the Pentagon, and will now be working with the biggest ...
MP Materials announced a $500 million partnership to supply Apple with rare-earth materials from its US mine, sending shares ...
The deal, announced on Tuesday, guarantees Apple a steady flow of rare earths and magnets free from China, the world's ...
Apple has announced a $500 million investment in MP Materials, a rare earth mining company based in the US. With the deal, ...
EXCLUSIVE: Apple is expected to announce a $500 million commitment to MP Materials — the only rare earth mine currently ...
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