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Apple Commits $500 Million for Rare-Earth Magnets

Insider on MSN · 23h

Apple is investing $500 million in a US maker of rare earth magnets, and the company's stock is soaring

Apple is investing $500 million with MP Materials to design and manufacture recycled rare earth magnets in the US, specifically for Apple devices.

The Wall Street Journal on MSN · 20h

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.

TechCrunch on MSN · 18h

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.

17hon MSN

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 ...

19hon 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 ...

22h

Apple strikes $500M deal to source rare-earth materials from Fort Worth facility

MP Materials is a US producer that just last week secured backing from the Pentagon, and will now be working with the biggest ...

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