Apple signs a $500M deal with MP Materials for U.S.-sourced rare earth magnets, aiming to reduce China reliance, support domestic production, and enhance national security.

Details here Apple signs $500 million deal with MP Materials for rare earth magnets, eyes US supply chain expansion \| Det ...

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 ...

Currently, the U.S. lags behind China in the production of these materials, easily the world’s biggest miner of them. This ...

The deal, announced on Tuesday, guarantees Apple a steady flow of rare earths and magnets free from China, the world's ...

Apple has signed a $500 million deal with MP Materials for China-free rare earth magnets, strengthening US supply chains after Chinese export curbs and boosting Pentagon-backed MP’s market position.

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

The rumor, that is - though we won't be buying the smartphone either - as others still indicate this will be a pricier ...

Apple today announced a $500 million multi-year commitment to buying American-made rare earth magnets developed by MP ...

Since at least July 4, Apple Maps has failed to treat the privately-operated Highway 407 ETR in the Toronto, Canada area as a ...