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Apple Invests $500 Million in U.S. Rare-Earth Supply Chain

Apple inks $500 million raw materials deal to boost US supply chain

Apple AAPL.O has signed a $500-million deal with Pentagon-backed MP Materials MP.N for a supply of rare earth magnets, becoming one of the first tech companies to ink a U.S. supply agreement after Chi...

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Apple Drops $500M to Source Rare Earth Materials From U.S. Supplier

· 2d · on MSN

Apple invests $500 million in rare earths producer MP Materials

· 2d

MP Materials’ stock heads for a new high. What’s behind Apple’s new rare-earths deal.

Shares of MP Materials Corp. were up nearly 25% and headed for a new high on Tuesday after the rare-earths producer struck a deal with a major, notable partner — the latest sign that U.S. tech compani...

· 1d

Apple Invests $500M to Secure US Supply of Rare Earth Magnets

Marketplace · 1d

Department of Defense directly invests in U.S.-based rare earth mining company

· 1d

Apple Strikes $500 Million Deal to Buy Rare Earths From U.S. Supplier

MP will supply Apple with magnets that it produces in a Texas facility, and use recycled materials processed at a site MP will build in California.

E&E · 2d

Apple commits $500M to boost US rare earths, recycling

· 1d

Apple commits $500M to US-based rare-earth recycling firm MP Materials

MP Materials launches $500M stock offering

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· 21h · on MSN

MP Materials commences $500 million public offering of common stock

MP Materials (MP.N) said on Wednesday it would sell $500 million of its common stock, a day after the U.S. rare earths miner inked a supply deal with Apple (AAPL.O).

· 20h

MP Materials' Shares Down After Launching $500M Offering

· 22h · on MSN

MP Materials launches $500M stock offering after surging to record high

1don MSN

MP Materials Stock Jumps 20%. How Apple Gave It a Huge Boost.

Shares of MP Materials were up 26% in midday trading at $61.19, putting the stock on pace for a record closing high. Apple stock was up 0.6%, while the S&P 500 was flat and the Dow Jones Industrial Average was down 0.6%.

MP Materials (MP) Completes US$650 Million Equity Offering

MP Materials (MP) has made significant announcements recently, including the completion of a follow-on equity offering of nearly $650 million and new high-profile partnerships with Apple and the Department of Defense.

MP Materials Stock Up 255% On Apple’s $500 Million Deal — Avoid MP

MP Materials stock has risen 255% after a $400 million deal from the Pentagon and a $500 million magnet contract with Apple. Is MP stock too high?

23hon MSN

Watch These MP Materials Price Levels After Apple, DOD Investments Send Stock Soaring

MP Materials shares remain in focus after soaring 20% yesterday on news that Apple plans to invest $500 million in the rare earths firm, news that came just days after the Department of Defense took a stake in the company.

1don MSN

Apple just spent $500 million to source a material that’s critical for iPhones from the US

Apple is investing $500 million in a deal with US rare earths company MP Materials as the iPhone maker faces pressure from President Donald Trump to produce its popular smartphones

Money Morning2d

Is It Too Late to Buy MP Materials? Apple Investment Sends MP Stock Soaring.

However, it’s not just the government rushing to ensure rare earth supply. Apple (NASDAQ: AAPL) has one-upped the Pentagon by announcing a $500 million agreement with MP Materials to secure recycled rare earth magnets.

14hon MSN

Apple just signed a $500M deal with the owner of a one-of-a-kind California mine

The Cupertino tech giant has inked a $500 million deal with Mountain Pass’ owner and operator MP Materials, the two companies announced on Tuesday, in a move that will help Apple onshore a part of its sprawling supply chain.

23hon MSN

This Company Used To Be Obscure. Now Apple and the DOD Are Buying In

MP Materials, which has the only operational rare earths mine in the U.S., has drawn interest as a challenger to China's dominance from investors ranging from the Pentagon to tech giant Apple in recent days.