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MP Materials to supply Apple with US-made rare earth magnets

TechRepublic · 3d

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 · 4d

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.

Insider on MSN · 4d

MP Materials spikes 30% after inking $500 million rare-earth deal with Apple

MP Materials announced a $500 million partnership to supply Apple with rare-earth materials from its US mine, sending shares soaring.

7hon MSN

Chinese Rare-Earth Magnet Exports Surge After U.S. Trade Truce

Despite a detente on China’s restrictions on the critical manufacturing inputs, shipments remain far below last year’s levels ...

2don MSN

Here's Why MP Materials Blasted Higher Again This Week

The necessity to secure a reliable domestic supply of rare earth materials is driving MP Materials stock higher. A deal with ...

The Institute for Energy Research1d

U.S. Defense Department Takes a Stake in a Rare Earth Company

The Defense Department (DOD) is investing in MP Materials to undercut China’s rare-earth magnet dominance. China dominates ...

22h

China cracks down on rare earth smugglers, vowing stronger export controls

China arrests suspects involved in smuggling strategic minerals, and authorities warn of ‘increasingly covert’ tactics to ...

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