Apple to invest $500M in rare earth firm MP Materials to boost US iPhone production, cut China dependence

Jul 15, 2025 - 08:00
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Apple to invest $500M in rare earth firm MP Materials to boost US iPhone production, cut China dependence
Apple is investing $500 million in MP Materials to secure a domestic supply of rare earth minerals critical for its products, including iPhones. The move aims to reduce reliance on China and strengthen US manufacturing, aligning with Trump's policies.

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