Apple secured a $500 million deal with MP Materials for U.S.-made rare earth magnets, reducing reliance on China.

In a statement on the same day, Apple pledged to purchase US-made rare earth magnets developed at MP Materials Corp.’s ...

The Cupertino tech giant has inked a $500 million deal with Mountain Pass’ owner and operator MP Materials, the two companies ...

The company stated that it intends to use the net proceeds from the offering to fund the acceleration and expansion of its operations, including the proposed 10X Facility.

MP Materials inks $500M deal with Apple to make rare earth magnets, as Pentagon backs domestic mining to reduce China ...

In 2025, the U.S. Department of Defense (DoD) agreed to buy $400 million of preferred stock in MP Materials. This investment supports the expansion of its processing capacity and the construction of a ...

Shares of MP Materials declined after the of rare earth metals company said it had commenced a $500 million underwritten public offering of its common stock. The stock was off by 5.8% at $55.15 in ...

Apple’s investment in the mining company MP Materials will also help the tech giant reduce its dependence on China for rare ...

(Reuters) -MP Materials said on Wednesday it would sell $500 million of its common stock, a day after the U.S. rare earths ...

EXCLUSIVE: Apple is expected to announce a $500 million commitment to MP Materials — the only rare earth mine currently operating in the United States, according to multiple sources familiar with the ...

MP Materials launched a $500M public offering of common stock, and expects to grant a 30-day underwriters option to purchase ...

MP Materials, which has the only operational rare earths mine in the U.S., has drawn interest as a challenger to China's ...