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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.

Investing News Network on MSN · 3d

Apple, MP Materials Ink US$500 Million Deal to Build US Rare Earth Magnet Supply Chain

Apple (NASDAQ:AAPL) and MP Materials (NYSE:MP) have signed a US$500 million supply agreement to manufacture rare earth magnets in the US from 100 percent recycled materials. Under the deal, MP will deliver recycled magnets starting in 2027 to support “hundreds of millions” of Apple devices,

NBC New York · 5d

MP Materials stock rips 20% higher after $500 million Apple deal for rare earth magnets

American innovation drives everything we do at Apple, and we’re proud to deepen our investment in the U.S. economy,” said Apple CEO Tim Cook.

19hon 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 ...

9don MSN

MP Materials won a big rare-earth contract with Uncle Sam, and the stock rockets

Company’s stock rallies on U.S. support to build the 10X Facility as its second domestic magnet-manufacturing plant ...

10don 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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