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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 · 3d

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.

NBC New York · 4d

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.

44mon 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 ...

10hon MSN

MP Materials (MP) Soars 40% on Multi-Billio Dollar Deals

The rally followed news from Apple that it committed to gobble up US-made rare earth magnets from MP Materials Corp.’s ...

9don MSN

U.S. Becomes Largest Shareholder In MP Materials—Rare Earth Miner—To Counter China

The Defense Department on Thursday became the largest shareholder in MP Materials, which owns the only rare earth mine in the ...

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