U.S. Manufacturing

Apple Commits $500M to Boost U.S. Rare Earth Magnet Production

Apple Commits $500M to Boost U.S. Rare Earth Magnet Production in a landmark deal with MP Materials, signaling a major shift toward domestic manufacturing. This multi-year agreement, announced on July 15, 2025, aims to secure a steady supply of rare earth magnets for Apple’s products while reducing reliance on foreign sources, particularly China. The investment includes building advanced manufacturing lines…

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