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MP Materials to supply Apple with US-made rare earth magnets

TechRepublic · 3d

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

Apple’s investment in the mining company MP Materials will also help the tech giant reduce its dependence on China for rare earth metals.

Reuters on MSN · 3d

Apple in $500 million rare earth magnet deal with MP to expand US supply chain

Apple has signed a $500 million deal with MP Materials for rare earth magnets, mitigating supply risks after China curbed exports this year and representing a major coup for MP that sent its shares soaring by a fifth.

The Wall Street Journal on MSN · 4d

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.

5hon MSN

MP Materials (MP) Soars 40% on Multi-Billio Dollar Deals

The rally followed news from Apple that it committed to gobble up US-made rare earth magnets from MP Materials Corp.’s ...

1don MSN

Here's Why MP Materials Blasted Higher Again This Week

The necessity to secure a reliable domestic supply of rare earth materials is driving MP Materials stock higher. A deal with ...

9don MSN

U.S. Becomes Largest Shareholder In MP Materials—Rare Earth Miner—To Counter China

The Defense Department on Thursday became the largest shareholder in MP Materials, which owns the only rare earth mine in the ...

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