Versions :<1234567891011121314Live>
Snapshot 13:Wed, Jul 16, 2025 1:40:07 PM GMT last edited by ArthursSeat22

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/Getty Images

The Spin

This dealpartnership is a directstrategic resultwin offor ChinaAmerican curbingmanufacturing, rare-earthstrengthening exportsthe in response to Trumpnation's recklesstechnological tariffs.independence Whilewhile Applereducing triesreliance toon spinforeign thissupply aschains, aespecially winfrom for UChina.S. manufacturing,The it'sdeal clearreflects thisthe wouldeffectiveness neverof havePresident happenedDonald without BeijingTrump's retaliatorytariffs, actions.pushing Thiscompanies dealto isinvest morein aboutAmerican Applejobs tryingand tosecure avoidcritical futureresources disruptionsdomesticallycostinghelping consumersto morereduce China's thangrip anyon genuinerare commitment to reshoring productionearths.

There'sThis deal is a 50%direct chanceresult thatof China curbing rare-earth exports in response to Trump's sharereckless oftariffs. rareWhile earthApple productiontries into 2030spin willthis beas ata leastwin 49for U.3%,S. accordingmanufacturing, it's clear this would never have happened without Beijing's retaliatory actions. This deal is more about Apple trying to theavoid Metaculusfuture predictiondisruptions community— costing consumers more — than any genuine commitment to securing production.

Metaculus Prediction

There's a 50% chance that China's share of rare earth production in 2030 will be at least 49%, according to the Metaculus prediction community.


The Controversies



Go Deeper


Articles on this story

Sign Up for Our Free Newsletters
Sign Up for Our Free Newsletters

Sign Up!
Sign Up Now!