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Apple’s investment in the mining company MP Materials will also help the tech giant reduce its dependence on China for rare ...
Apple has signed a $500 million deal with MP Materials for rare earth magnets, mitigating supply risks after China curbed ...
MP Materials will supply Apple with magnets it produces at a Texas facility, expanding Apple’s U.S. supply chain at a time ...
The moves by Apple and the Pentagon are part of a broader U.S. push to nearshore rare earth supply chains. Earlier this year, ...
Apple today announced a $500 million multi-year commitment to buying American-made rare earth magnets developed by MP ...
Apple has announced a $500 million investment in MP Materials, a rare earth mining company based in the US. With the deal, ...
MP Materials, which runs the only American rare earths mine, announced a new $500 million agreement with tech giant Apple on ...
As part of its already-announced US manufacturing effort, Apple is committing $500 million to a rare earth recycling firm, to ...
Plus: Tailwater Capital secures $250 million commitment for its upstream strategy and True North Advisors acquires California ...
The magnets, which are crucial for powering components like iPhone vibration motors, will be produced at MP's Fort Worth, Texas plant.
EXCLUSIVE: Apple is expected to announce a $500 million commitment to MP Materials — the only rare earth mine currently ...
US-based rare earth producer MP Materials has entered into a definitive, long-term agreement with tech giant Apple to supply ...