Inside Apple’s $500 million bet on U.S. rare earths

Trellis
By Heather ClancyJul 16, 2025, 10:22 am117 pts
Apple is shoring up its domestic supply of rare earth elements through a $500 million, multiyear contract with MP Materials, an 8-year-old Las Vegas mining and processing company that counts the U.S. Department of Defense as its biggest shareholder and General Motors as a marquee automotive customer. Rare…

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