MP Materials skyrockets after $500 million Apple deal for rare earth magnets

MacDailyNews
Jul 15, 2025, 3:03 pm354 pts
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. Apple and miner MP Materials announced a $500 million deal Tuesday for rare earth magnets and the development…

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