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

TechRepublic · 1d

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.

The Wall Street Journal on MSN · 2d

Apple Commits $500 Million for Rare-Earth Magnets from U.S. Supplier

MP Materials will supply Apple with magnets it produces at a Texas facility, expanding Apple’s U.S. supply chain at a time when President Trump has pressured Apple to do so.

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

MP Materials, the operator of the only rare earths mine in the United States, has signed a $500 million deal with Apple.

1don 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 ...

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