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Apple Commits $500 Million for Rare-Earth Magnets

· 1h · on MSN

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.

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· 3h · on MSN

Apple invests $500 million in rare earths producer MP Materials

Apple inks $500-million deal with MP Materials for rare earth magnets

MP Materials Stock Jumps 25%. How Apple Gave It a Great, Big Boost.

Apple has made a $500 million commitment to purchase recycled rare-earth magnets from MP Materials, the companies announced Tuesday.

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Apple Announces $500 Million Commitment to Buying American Magnets

Why Did MP Materials Stock Jump 50% In A Single Day?

Rare earths miner taps seam of US government largesse

Under this deal, Uncle Sam will become an investor, customer, price guarantor, and profit sharer.

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A Rare-Earth Stock Is Rising Again. Wall Street Is Playing Catch-Up.

Apple confirms $500M supply deal with rare earths miner MP Materials