Apple makes $500 million deal with miner MP Materials for rare earths magnets
1. Apple partners with MP Materials for a $500 million rare earth magnet deal. 2. The deal strengthens Apple's U.S. supply chain and manufacturing capabilities. 3. Creation of new jobs in manufacturing and R&D is expected from this partnership. 4. U.S. aims to reduce reliance on Chinese rare earth supply chains. 5. MP Materials stock rose 10% following the announcement.