MP Materials closed +20% on its $500M deal with Apple to develop a recycling line for rare earth materials that will allow MP to reprocess rare earth elements for use in Apple products.

Technology giant Apple Inc. (NASDAQ: AAPL) has secured a $500 million agreement with MP Materials (NYSE: MP), America’s sole integrated rare earth ...

MP Materials, which runs the only American rare earths mine, announced a new $500 million agreement with tech giant Apple on Tuesday to produce more of the powerful magnets used in iPhones as well as ...

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Fort Worth company owning the only rare earth magnet manufacturing plant in the U.S. is being courted to the tune of millions of dollars.

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

Apple's bold move to secure domestic rare earth magnets may have ripple effects across multiple industries, from smartphones ...

Apple said it would buy $500 million worth of rare-earth magnets from MP Materials, expanding its U.S. supply chain at a time the Trump administration has been pressuring it to do so. MP will supply A ...

What's more, as the U.S. IPO market heats back up, more of these deals could follow, said Angelo Bochanis, an analyst at Renaissance Capital, a provider of pre-IPO research and IPO-focused ETFs.

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