Apple's $500 million investment responds to Trump's rare earth strategy, MP Materials surges in pre-market trading
According to sources, Apple plans to invest $500 million in MP Materials, the only operating rare earth company in the United States. Following the news, MP Materials' pre-market stock price surged over 13%. Under the agreement, Apple will purchase domestically produced rare earth magnets from MP Materials' Texas plant and plans to jointly build two new factories: a magnet manufacturing base in Fort Worth, Texas, and an electronic waste recycling center in Mountain Pass, California, which will use recycled materials for the production of future Apple products. This collaboration is seen as a "major victory" for the Trump administration, which has prioritized domestic rare earth mining as a national security issue. A senior White House official commented that this agreement "is beneficial for the country and beneficial for American workers." Just a few days ago, the U.S. Department of Defense announced a $400 million investment in MP Materials to strengthen the domestic supply chain and reduce dependence on China. Currently, China accounts for about 60% of the global supply of critical minerals, with processing reaching as high as 90%
According to sources, Apple (AAPL.US) plans to invest $500 million in MP Materials (MP.US), the only operating rare earth company in the United States. Following the news, MP Materials' pre-market stock price surged over 13%.
Under the agreement, Apple will purchase domestically produced rare earth magnets from MP Materials' Texas plant and plans to jointly build two new factories: a magnet manufacturing base in Fort Worth, Texas, and an electronic waste recycling center in Mountain Pass, California, which will use recycled materials for the production of future Apple products.
This collaboration is seen as a "major victory" for the Trump administration, which has prioritized domestic rare earth mining as a national security issue. A senior White House official commented that this agreement is "beneficial for the country and beneficial for American workers."
Just a few days ago, the U.S. Department of Defense announced a $400 million investment in MP Materials, aimed at strengthening the domestic supply chain and reducing dependence on China. Currently, China accounts for about 60% of global critical mineral supply, with processing reaching as high as 90%
