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Apple, MP Materials and Huge Boost

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

Apple AAPL.O has signed a $500-million deal with Pentagon-backed MP Materials MP.N for a supply of rare earth magnets, becoming one of the first tech companies to ink a U.S. supply agreement after Chi...

· 1h · on MSN

MP Materials Stock Jumps 20%. How Apple Gave It a Huge Boost.

· 4h · on MSN

MP Materials’ stock heads for a new high. What’s behind Apple’s new rare-earths deal.

· 3h

Pentagon to keep working with US rare earths projects, US defense official says

The U.S. Department of Defense plans to continue working with rare earths companies to ensure diverse American supply of the critical minerals used across the economy, a defense official told Reuters...

· 6h

MP Materials Stock Jumps 25%. How Apple Gave It a Huge Boost.

· 9h

Apple Announces $500 Million Commitment to Buying American Magnets

32m

Apple just spent $500 million to source a material that’s critical for iPhones from the US

Apple is investing $500 million in a deal with US rare earths company MP Materials as the iPhone maker faces pressure from President Donald Trump to produce its popular smartphones

2hon MSN

Apple commits $500M to US-based rare-earth recycling firm MP Materials

The factory will develop a series of neodymium magnet manufacturing lines specifically designed for Apple products.

Money Morning4h

Is It Too Late to Buy MP Materials? Apple Investment Sends MP Stock Soaring.

However, it’s not just the government rushing to ensure rare earth supply. Apple (NASDAQ: AAPL) has one-upped the Pentagon by announcing a $500 million agreement with MP Materials to secure recycled rare earth magnets.

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