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

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.

NBC New York · 3d

MP Materials stock rips 20% higher after $500 million Apple deal for rare earth magnets

American innovation drives everything we do at Apple, and we’re proud to deepen our investment in the U.S. economy,” said Apple CEO Tim Cook.

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.

7don MSN

MP Materials won a big rare-earth contract with Uncle Sam, and the stock rockets

Company’s stock rallies on U.S. support to build the 10X Facility as its second domestic magnet-manufacturing plant ...

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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