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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.

Observer · 3h

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

· 2d · on MSN

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

Marketplace · 1d

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

The $400 million investment will create a domestic supply chain for materials used in fighter jets and missiles.

· 1d

Apple just spent $500 million to source a material that’s critical for iPhones from the US

· 1d

Apple Strikes $500 Million Deal to Buy Rare Earths From U.S. Supplier

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.

2don MSN

Why USA Rare Earth Stock Is Soaring Higher (Again) Today

As of 11:13 a.m. ET, shares of USA Rare Earth are up 25.4%. While USA Rare Earth didn't have anything to report today, one of its leading peers did. MP Materials announced a $500 million partnership with Apple that will see the companies collaborate on the production of recycled rare-earth magnets.

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.