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Apple Invests $500 Million in U.S. Rare-Earth Supply Chain

TechRepublic · 1d

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.

The Wall Street Journal on MSN · 2d

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.

Reuters on MSN · 2d

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 the first tech companies to ink a U.S. supply agreement after China curbed exports earlier this year.

2don MSN

Apple Drops $500 Million on Rare Earth Magnets—Why iPhones Depend on Them

The magnets, which are crucial for powering components like iPhone vibration motors, will be produced at MP's Fort Worth, Texas plant.

3don MSN

Apple's latest message to Trump: We're buying American magnets

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

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