MP Materials to supply Apple with US-made rare earth magnets
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U.S. efforts to break China's dominance of the rare earths market and to drive investment in its own industry have moved up a gear with a Washington-backed plan to create a separate, higher pricing system.
Apple is investing $500 million with MP Materials to design and manufacture recycled rare earth magnets in the US, specifically for Apple devices.
The coal company has started excavating its Wyoming critical minerals find. CEO Randy Atkins doesn’t want the Pentagon’s money, but he does want a U.S. strategic reserve.
Shares of USA Rare Earth stock are down 7.1% through 1:55 p.m. ET Wednesday, and the reason is simple: USA Rare Earth is not MP Materials. Not even close.
Nvidia's planned resumption of sales of its H20 AI chips to China is part of U.S. negotiations on rare earths, Commerce Secretary Howard Lutnick said, and comes days after its CEO met President Trump.
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As rare earth magnet shortages threaten India’s EV and defence sectors, a little-known state-run firm, 75 years old, is emerging as a critical player. We have the inside story of its roller coaster ride—since 1950.
Wyoming's first new coal mine in 50 years is said to be operating soon but it won't rely on the fossil fuel to make money.