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MP Materials to supply Apple with US-made rare earth magnets in 2027
US-based rare earth producer MP Materials has entered into a definitive, long-term agreement with tech giant Apple to supply US-manufactured, sustainable rare earth magnets. These magnets will be produced using 100% recycled materials in a significant step in both companies' commitment to sustainable and domestic supply chains.
The deal, announced on Tuesday, guarantees Apple a steady flow of rare earths and magnets free from China, the world's ...
MP Materials announced a $500 million partnership to supply Apple with rare-earth materials from its US mine, sending shares ...
The factory will develop a series of neodymium magnet manufacturing lines specifically designed for Apple products.
However, it’s not just the government rushing to ensure rare earth supply. Apple (NASDAQ: AAPL) has one-upped the Pentagon by ...
Apple has signed a $500-million deal with Pentagon-backed MP Materials for a supply of rare earth magnets, becoming one of ...
MP Materials has a large amount of cash at hand and strong demand for rare earth magnets, with new partnerships announced.
MP Materials Corp., a rare earth materials company, is seeing its stock price rise on news of a major commitment from tech ...
MP Materials, which runs the only American rare earths mine, announced a new $500 million agreement with tech giant Apple on ...
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