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Apple is investing $500 million with MP Materials to design and manufacture recycled rare earth magnets in the US, ...

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MP Materials, the operator of the only rare earths mine in the United States, has signed a $500 million deal with Apple.

The magnets, which are crucial for powering components like iPhone vibration motors, will be produced at MP's Fort Worth, Texas plant.

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The deal, announced on Tuesday, guarantees Apple a steady flow of rare earths and magnets free from China, the world's ...

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Apple said on Tuesday it would invest US$500 million into rare earths mine operator MP Materials, as the iPhone maker seeks ...