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Apple inks $500 million rare earth magnet deal to bring supply back to US
Apple has signed a $500-million deal with Pentagon-backed MP Materials for a supply of rare earth magnets, becoming one of the first tech companies to ink a U.S. supply agreement after China curbed exports earlier this year.
Shares of MP Materials soared 50% Thursday morning after the rare earths miner announced a multibillion-dollar agreement with ...
Cryptopolitan on MSN2d
MP Materials surges to 52-week high on securing $500m Apple contractApple and MP Materials unveiled a $500 million deal to bolster the iPhone maker’s domestic supply chain for rare‑earth ...
Interior Secretary Doug Burgum said in April the Trump administration was considering equity investments in critical mineral ...
MP Materials, which has the only operational rare earths mine in the U.S., has drawn interest as a challenger to China's ...
MP Materials rips to all-time high after $500M deal that ensures Apple supply. XPeng revises hiring plan for 2025 with focus ...
Stellantis (STLA) shares fall on Trump's 35% tariff threat to Canada, a major hit for the auto industry. MP Materials (MP) ...
The Defense Department on Thursday became the largest shareholder in MP Materials, which owns the only rare earth mine in the U.S., amid a surge in demand for rare earths mined in the U.S. as China ...
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Pentagon to Emerge as Leading Shareholder in MP MaterialsThe Pentagon has agreed to invest $400 million in MP Materials via newly issued preferred shares convertible into common ...
MP Materials Corp (NYSE: MP) shares surged on Thursday after the U.S. government announced a strategic investment to ...
The latest analyst coverage could presage a bad day for MP Materials Corp. (NYSE:MP), with the analysts making across-the-board cuts to their statutory estimates that might leave shareholders ...
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