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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.

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.

NBC Los Angeles · 2d

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.

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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