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Apple’s investment in the mining company MP Materials will also help the tech giant reduce its dependence on China for rare ...
Apple has signed a $500 million deal with MP Materials for rare earth magnets, mitigating supply risks after China curbed ...
Following its commitment to spend more than $500 billion in the U.S., Apple announced a partnership to buy American rare ...
MP Materials, which runs the only American rare earths mine, announced a new $500 million agreement with tech giant Apple on ...
Apple’s ambitions to make India a global hub for AirPods manufacturing have hit a sudden obstacle. Foxconn’s Telangana ...
Apple has signed a $500-million deal with Pentagon-backed MP Materials for a supply of rare earth magnets, becoming one of ...
The moves by Apple and the Pentagon are part of a broader U.S. push to nearshore rare earth supply chains. Earlier this year, ...
The factory will develop a series of neodymium magnet manufacturing lines specifically designed for Apple products.
The magnets, which are crucial for powering components like iPhone vibration motors, will be produced at MP's Fort Worth, Texas plant.
Production of Apple AirPods in India may face challenges. This is due to China's restrictions on rare earth metal exports.
MP Materials Corp. (NYSE:MP) is one of the best performing mid cap stocks so far in 2025. On July 16, MP Materials announced ...
Apple says it will invest $500 million in a magnet plant in Texas and an MP Materials recycling facility in California that ...