Apple Inks $500M Deal With the Only US Rare Earth Miner
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Company’s stock rallies on U.S. support to build the 10X Facility as its second domestic magnet-manufacturing plant
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 other high-tech products like electric vehicles.