Apple is investing $500 million in U.S.-based rare earth mining company, MP Materials, to strengthen the domestic supply chain and boost magnet manufacturing.

Apple has announced a $500 million investment in MP Materials to develop a rare earth magnet recycling line, aiding in the production of its devices.

Apple has made a $500 million commitment to purchase recycled rare-earth magnets from MP Materials, the companies announced ...

The factory will develop a series of neodymium magnet manufacturing lines specifically designed for Apple products.

Apple on Tuesday is expected to announce a $500 million commitment to MP Materials, the operator of the only U.S. rare earths mine, Fox Business reported on Tuesday, citing multiple sources familiar ...

Shares of MP Materials are surging in early trading Tuesday after Apple said it would invest $500 million in the owner of the ...

MP has said it's on track to begin producing automotive-grade, sintered neodymium-iron-boron (NdFeB) magnets at its first rare-earth magnet plant in Texas later this year. General Motors GM is MP's ...

MP Materials will supply Apple with magnets it produces at a Texas facility, expanding Apple’s U.S. supply chain at a time ...

However, underlying U.S. inflation rose in June by less than expected for a fifth month, as lower car prices helped offset ...