Apple Inks $500M Rare Earth Pact with Pentagon-Funded Producer MP Materials
Market Watcher
Jul 15, 2025
Apple Inc. has secured a $500 million agreement to purchase rare earth minerals from U.S. supplier MP Materials, which recently received investment from the Pentagon.
In a Tuesday announcement, Apple disclosed plans for a joint manufacturing facility in Texas dedicated to producing neodymium magnets exclusively for Apple devices. The tech giant emphasized this procurement aligns with its $500 billion U.S. investment pledge spanning the next four years.
Market reaction diverged sharply: MP Materials shares jumped 9% in pre-market trading while Apple's stock showed minimal movement, holding steady amid the supply-chain development.
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