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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.

NBC New York · 4d

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.

7hon 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 ...

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