MP Materials

  • Apple Taps MP Materials for US-Made Rare-Earth Magnets in $500 Million Supply Shift

    Apple Taps MP Materials for US-Made Rare-Earth Magnets in $500 Million Supply Shift

    BY Lara Browne
    Apple, the California-based consumer-electronics group, and MP Materials, the Las Vegas-listed rare-earth miner and magnet producer, have struck a $500 million agreement to supply neodymium-iron-boron magnets for future iPhones, iPads and MacBooks from 2027. The venture—announced as Washington presses multinationals to “on-shore” strategic inputs—will centre on MP’s expanded plant in Fort Worth, Texas and a...
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