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Apple Inks $500M Deal With the Only US Rare Earth Miner Amid US-China Trade War
The moves by Apple and the Pentagon are part of a broader U.S. push to nearshore rare earth supply chains. Earlier this year, President Trump proposed annexing Greenland, an autonomous Danish territory estimated to contain $4.4 trillion worth of rare earth reserves. Vice President JD Vance made a surprise visit in support of the plan.
Apple inks $500 million rare earth magnet deal to bring supply back to US
Apple has signed a $500-million deal with Pentagon-backed MP Materials for a supply of rare earth magnets, becoming one of the first tech companies to ink a U.S. supply agreement after China curbed exports earlier this year.
Rare earths are key materials for many electric vehicle (EV) parts. China has a dominant position in the global rare earth ...
The strategic stockpile should buy Hyundai critical time as supply chains buckle under mounting geopolitical tension.China’s April decision to restrict exports of seven rare earths — a move ...
By Heekyong Yang SEOUL (Reuters) -Hyundai Motor has a rare earths stockpile that can last about a year and it does not expect any near-term impact from global supply chain disruptions caused by ...
Australian Strategic Materials (ASM) has entered the commercial heavy rare earth market, making its first sale of heavy rare ...
While rare earths magnets from China are beginning to flow again, customers remain on edge about the threat of future ...
MP Materials, operator of the Mountain Pass mine in California’s Mojave Desert, is ramping up supplies of the critical ingredients and magnets as China tightens exports.
The Society of Indian Automobile Manufacturers (Siam), the industry’s key lobby group, has warned that passing on the ...
Japan has been quietly blazing a trail for supply chain resilience. The East Asian country was thrust into panic mode in 2010 when China implemented an export ban on rare earths that specifically ...
India’s auto industry braces for a muted Q1FY26 earnings season amid global demand slowdown, rare earth supply concerns, and ...
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