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Apple, MP Materials Sign $500M Rare Earth Magnet Supply Deal

Apple, MP Materials Sign $500M Rare Earth Magnet Supply Deal

Above: The Mountain Pass mine, operated by MP Materials, in California, on June 7, 2019. Image copyright: Joe Buglewicz/Bloomberg via Getty Images

The Spin

This partnershipdeal is a strategicdirect winresult forof AmericanChina manufacturing,curbing strengtheningrare-earth theexports nationin response to Trump's technologicalreckless independencetariffs. whileWhile reducingApple reliancetries onto foreignspin supplythis chains,as especiallya fromwin Chinafor U.S. Themanufacturing, dealit's reflectsclear thethis effectivenesswould ofnever Presidenthave Donaldhappened Trumpwithout Beijing's tariffs,retaliatory pushingactions. companiesThis todeal investis inmore Americanabout jobsApple andtrying secureto criticalavoid resourcesfuture domesticallydisruptionshelpingcosting toconsumers reducemore China's gripthan onany raregenuine earthscommitment 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.

ThereThis partnership is a strategic win for American manufacturing, strengthening the nation's atechnological 50%independence chancewhile thatreducing reliance on foreign supply chains, especially from China. The deal reflects the effectiveness of President Donald Trump's sharetariffs, ofpushing rarecompanies earthto productioninvest in 2030American willjobs beand atsecure leastcritical 49.3%,resources accordingdomestically — helping to thereduce MetaculusChina's predictiongrip communityon rare earths.


The Controversies



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