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Apple expands U.S. supply chain with $500 million commitment to American rare earth magnets

1. Apple invests $500 million in MP Materials for rare earth magnets. 2. Deal supports U.S. manufacturing and sustainability in Apple's supply chain.

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FAQ

Why Bullish?

Apple's commitment strengthens U.S. supply chain and sustainability efforts, which attracts investors. Historically, similar investments have positively swayed investors' sentiment in tech companies.

How important is it?

The $500 million commitment indicates a strong strategic direction in sustainability and supply chain stability, which can significantly enhance AAPL's market position.

Why Long Term?

This investment will enhance Apple's supply chain resilience over time, similar to past investments in renewable energy and materials, potentially leading to reduced costs and improved margins.

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MPTSLANIO
CUPERTINO, Calif.--(BUSINESS WIRE)--Today Apple® announced a new commitment of $500 million with MP Materials, the only fully integrated rare earth producer in the United States. With this multiyear deal, Apple is committed to buying American-made rare earth magnets developed at MP Materials' flagship Independence facility in Fort Worth, Texas. The two companies will also work together to establish a cutting-edge rare earth recycling line in Mountain Pass, California, and develop novel magnet m.

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