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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.

Insider on MSN · 4d

Apple is investing $500 million in a US maker of rare earth magnets, and the company's stock is soaring

Apple is investing $500 million with MP Materials to design and manufacture recycled rare earth magnets in the US, specifically for Apple devices.

Interesting Engineering on MSN · 4d

Apple invests $500M to supercharge US rare earth magnet manufacturing and recycling

Apple has announced a $500 million multi-year commitment with MP Materials, the only U.S. company that mines, processes, and manufactures rare earth materials entirely in-house. The deal supports Apple’s ongoing goal of strengthening domestic supply chains for critical materials, especially neodymium magnets used in its devices.

Conifer's iron magnet electric motors cut China out of the picture

China controls about 90% of the entire global supply of rare earth magnets, including their mining and refining. That means ...

4don MSN

America’s only rare earth producer gets a boost from Apple and Pentagon agreements

MP Materials, the operator of the only rare earths mine in the United States, has signed a $500 million deal with Apple.

9don MSN

Nintendo’s Use of a Rare-Earth Magnet for the Switch 2 Could Expose It to China’s Whims

Nintendo’s Switch 2 videogame machine uses a rare-earth magnet to attach its hand-held controllers to the main console, ...

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