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Apple Inks $500M Deal With the Only US Rare Earth Miner

TechRepublic · 2d

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.

Apple Inks $500M Deal With the Only US Rare Earth Miner Amid US-China Trade War

The moves by Apple and the Pentagon are part of a broader U.S. push to nearshore rare earth supply chains. Earlier this year, President Trump proposed annexing Greenland, an autonomous Danish territory estimated to contain $4.4 trillion worth of rare earth reserves. Vice President JD Vance made a surprise visit in support of the plan.

2don MSN

America’s Biggest Rare-Earth Producer Makes a Play to End China’s Dominance

MP Materials’ goal to become a national rare-earths “champion” that can go toe-to-toe with China was turbocharged by Pentagon ...

Rare Earths Rally After the Pentagon Picks a Winner

The Pentagon’s landmark deal with MP Materials has sparked a rare earths rally, reshaping U.S. supply chains and attracting ...

2don MSN

America’s only rare earth producer gets a boost from Apple and Pentagon agreements

MP Materials, which runs the only American rare earths mine, announced a new $500 million agreement with tech giant Apple on ...

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