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Apple Commits $500 Million for Rare-Earth Magnets

Associated Press News on MSN · 4h

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 Tuesday to produce more of the powerful magnets used in iPhones as well as other high-tech products like electric vehicles.

The Wall Street Journal on MSN · 5h

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.

Reuters on MSN · 3h

Apple inks $500 million rare earth magnet deal to bring supply back to US

Apple has signed a $500-million deal with Pentagon-backed MP Materials for a supply of rare earth magnets, becoming one of the first tech companies to ink a U.S. supply agreement after China curbed exports earlier this year.

3hon 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 ...

1h

Apple inks $500 million raw materials deal to boost US supply chain

The deal, announced on Tuesday, guarantees Apple a steady flow of rare earths and magnets free from China, the world's ...

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