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Apple expands U. S. supply chain with $500 million commitment In a multiyear deal, Apple has committed $500 million to buying American-made rare earth magnets developed at MP Materials’ flagship Independence facility in Fort Worth, Texas Photo by MP Materials Today Apple announced a new commitment of $500 million with MP Materials, the only fully integrated rare earth producer in the United States
Apple just spent $500 million to source a material that’s . . . Apple is investing $500 million in a deal with US rare earths company MP Materials as the iPhone maker faces pressure from President Donald Trump to produce its popular smartphones domestically
MP Materials and Apple Announce $500 Million Partnership to . . . Long-term commitment will enable Apple to domestically source 100% recycled rare earth magnets for its products, supporting U S manufacturing and circular supply chains MP Materials (NYSE: MP) today announced a definitive, long-term agreement to supply Apple with rare earth magnets manufactured in the United States from 100 percent recycled materials In a $500 million partnership with Apple