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MP Materials to supply Apple with US-made rare earth magnets

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

MP Materials, which runs the only American rare earths mine, announced a new $500 million agreement with tech giant Apple on Tuesday to produce more of the powerful magnets used in iPhones as well as other high-tech products like electric vehicles.

MarketWatch · 1d

MP Materials’ stock heads for a new high. What’s behind Apple’s new rare-earths deal.

The iPhone maker is committing $500 million to buying rare-earth magnets from the company’s flagship facility in Texas, which Apple is helping to build out.

Hosted on MSN · 1d

Apple in $500 million rare earth magnet deal with MP to expand US supply chain

Apple has signed a $500 million deal with MP Materials for rare earth magnets, mitigating supply risks after China curbed exports this year and representing a major coup for MP that sent its shares soaring by a fifth.

Observer2h

Apple Inks $500M Deal With the Only US Rare Earth Miner Amid US-China Trade War

The moves by Apple and the Pentagon are part of a broader U.S. push to nearshore rare earth supply chains. Earlier this year, ...

1don MSN

First rare earth mineral mine in America in over 70 years breaks ground in Wyoming

For the first time in more than 70 years, a rare earth minerals mine broke ground in the United States last Friday. The Brook Mine, owned by Ramaco Resources, near Sheridan, Wyoming, is also the first ...

22hon MSN

Nvidia’s resumption of H20 chip sales related to rare earth element trade talks

U.S. Commerce Secretary said Nvidia's plans to start selling its H20 chips are tied to ongoing trade discussions with China regarding REEs.

Junior Mining Network2h

Energy Fuels Now Producing Heavy Rare Earth Element Oxides

Energy Fuels has commenced producing heavy rare earth element oxides at its White Mesa Mill at pilot scale, and could be in a position to produce ...

FreightWaves7d

Massive rare earths elements deposit confirmed in Wyoming

In a groundbreaking moment for the American mining industry, the Fluor Corporation has confirmed the feasibility of large ...

Outlook Business9h

China’s Rare Earth Curbs Threaten India’s EV Goals, Trigger Push for Alternatives

China's rare earth export curbs disrupt India's electric vehicle (EV) ambitions, sparking urgent policy shifts and efforts to ...

Rare Earth Royalty: Meet The Power Players Shaping The Industry

USA Rare Earth, Inc. USAR +23.5% + Free Alerts is another U.S.-based company involved in the mining, processing and supply of ...

Cowboy State Daily4d

First U.S. Rare Earth Mine In 70 Years Opens In Wyoming

U.S. Energy Secretary Chris Wright was in Ranchester, Wyoming, on Friday for the ribbon cutting to open the first U.S. rare ...

CBS News10y

Rare earth elements: Not so rare after all - CBS News

After all, China's hold on rare earth elements is a running theme in "House of Cards" (think of Raymond Tusk's push for "Samarium 149"). And defending the only U.S. rare earth mine is Jason ...