Apple just spent $500 million to source a material that’s critical for iPhones from the US
CNN — Apple is investing $500 million in a deal with US rare earths company MP Materials as the iPhone maker faces pressure from President Donald Trump to produce its popular smartphones domestically. As part of the partnership announced on Tuesday, Apple committed to buying rare earth magnets directly from MP Materials to help bolster …
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Egypt Independent
July 16, 2025
