Versions :<1234567Live>
Snapshot 3:Wed, Jul 16, 2025 2:07:46 AM GMT last edited by Kevin

Apple Signs $500M Deal With MP Materials for US Rare Earth Supply

Apple Signs $500M Deal With MP Materials for US Rare Earth Supply

Apple Signs $500M Deal With MP Materials for US Rare Earth Supply
Above: The Mountain Pass mine, operated by MP Materials, in Mountain Pass, California, U.S., on June 7, 2019. Image credit: Joe Buglewicz/Bloomberg/Getty Images

The Spin


WhileThis thepartnership dealis soundsa impressivestrategic win for American manufacturing, itstrengthening the nation's essentiallytechnological Appleindependence payingwhile areducing premiumreliance toon secureforeign supply chains, thatespecially shouldfrom haveChina. beenApple’s diversified$500 yearsmillion ago.deal, Thepart of its broader $500 millionbillion commitmentU.S. won'tinvestment, fundamentallyreflects changethe America'effectiveness of Trump’s raretariffs, earthpushing dependencecompanies overnight,to invest in American jobs and consumerssecure maycritical ultimatelyresources beardomestically the costhelping ofto thisreduce expensiveChina’s domesticgrip sourcingon strategyrare earths.

Apple’s $500 million deal with MP Materials is a direct result of China curbing rare-earth exports in response to Trump’s reckless tariffs. While the company tries to spin this as a win for U.S. manufacturing, it's clear this would never have happened without Beijing’s retaliatory actions. This deal is more about Apple trying to avoid future disruptions — costing consumers more — than any genuine commitment to reshoring production.


The Controversies



Go Deeper

© 2026 Improve the News Foundation. All rights reserved.Version 7.4.1

© 2026 Improve the News Foundation.

All rights reserved.

Version 7.4.1