Apple secured a $500 million deal with MP Materials for U.S.-made rare earth magnets, reducing reliance on China.

In a statement on the same day, Apple pledged to purchase US-made rare earth magnets developed at MP Materials Corp.’s ...

The Cupertino tech giant has inked a $500 million deal with Mountain Pass’ owner and operator MP Materials, the two companies ...

The company stated that it intends to use the net proceeds from the offering to fund the acceleration and expansion of its operations, including the proposed 10X Facility.

MP Materials inks $500M deal with Apple to make rare earth magnets, as Pentagon backs domestic mining to reduce China ...

In 2025, the U.S. Department of Defense (DoD) agreed to buy $400 million of preferred stock in MP Materials. This investment supports the expansion of its processing capacity and the construction of a ...

Apple’s investment in the mining company MP Materials will also help the tech giant reduce its dependence on China for rare ...

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories.

MP Materials shares are trading lower in after-hours Wednesday after the company announced a proposed public offering.

EXCLUSIVE: Apple is expected to announce a $500 million commitment to MP Materials — the only rare earth mine currently operating in the United States, according to multiple sources familiar with the ...

MP Materials said on Wednesday it would sell $500 million of its common stock, a day after the U.S. rare earths miner inked a ...

Firms downgrade 2025 outlook, isocyanate start-up launches, hydrogen projects advance, and more ...