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Apple Inks $500M Deal With the Only US Rare Earth Miner

Apple Invests $500M to Secure US Supply of Rare Earth Magnets

Apple is investing $500 million in the mining company MP Materials to secure a domestic supply of rare earth magnets for its devices.

· 2d · on MSN

America’s only rare earth producer gets a boost from Apple and Pentagon agreements

Observer · 5h

Apple Inks $500M Deal With the Only US Rare Earth Miner Amid US-China Trade War

Marketplace · 1d

Department of Defense directly invests in U.S.-based rare earth mining company

“China uses critical minerals as a strategic leverage, and they can turn on the tap whenever they want to and they can turn off the tap whenever they want to,” Mukherjee said.

· 1d

Why Ramaco Says It Can Beat Its Government-Backed Rival For Rare Earth Supremacy

· 1d

MP Materials rips to all-time high after $500M deal that ensures Apple supply apart from China

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 name in consumer technology.

2don MSN

Apple backs Trump rare earth minerals push, invests $500M in US mine

EXCLUSIVE: Apple is expected to announce a $500 million commitment to MP Materials — the only rare earth mine currently operating in the United States, according to multiple sources familiar with the deal.

1don 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 investment and an Apple deal. But its journey there highlights the hurdles American producers face.

2don MSN

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

Apple has signed a $500-million deal with Pentagon-backed MP Materials for a supply of rare earth magnets, one of the first U.S. tech companies to ink an agreement that aims to centralize its supply chain inside the country.