Apple, MP Materials Sign $500M Rare Earth Magnet Supply Deal
Apple, Signs $500M Deal With MP Materials forSign US$500M Rare Earth Magnet Supply Deal
The Spin
This partnership is a strategic win for American manufacturing, strengthening the nation's technological independence while reducing reliance on foreign supply chains, especially from China. Apple’sThe $500 million deal, part of its broader $500 billion U.S. investment, reflects the effectiveness of President Donald Trump’'s tariffs, pushing companies to invest in American jobs and secure critical resources domestically — helping to reduce China’'s grip on rare earths.
Apple’sThis $500 million deal with MP Materials is a direct result of China curbing rare-earth exports in response to Trump’'s reckless tariffs. While theApple 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.
Metaculus Prediction
There's a 50% chance that China's share of rare earth production in 2030 will be at least 49.3%, according to the Metaculus prediction community.
The Controversies
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