Apple signs $500-million rare earth magnet deal with MP Materials to bring supply home

theglobeandmail.com/business/article-apple-signs-rare-earth-magnet-deal-mp-materials-iphone

Apple AAPL-Q has signed a US$500-million deal with Pentagon-backed MP Materials MP-N for a supply of rare earth magnets, one of the first U.S. tech companies to ink an agreement that aims to centralize its supply chain inside the country. MP shares jumped 26 per cent on Tuesday afternoon…

This story appeared on theglobeandmail.com, 2025-07-15 17:23:38.
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