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Apple Invests $500 Million in US Rare Earths for iPhones Amid Pressure to Shift Manufacturing

Name: Apple Invests $500 Million in US Rare Earths for iPhones Amid Pressure to Shift Manufacturing
Uploaded: 2025-07-15T15:15:00-07:00
Channel: NBC Palm Springs
Description: Apple is spending $500 million on a deal with MP Materials to source rare earth magnets from the US for future iPhones. The move supports domestic supply chains as political pressure mounts to bring tech manufacturing back to America.

By: CNN Newsource

July 15, 2025

Apple rare earth investmentMP Materials Apple dealiPhone rare earth magnetsApple US manufacturingApple Trump tariffsrare earth magnets iPhone

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