Apple, China and Rare-earth magnet
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China, AI and NVIDIA
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Apple has signed a $500 million deal with MP Materials for rare earth magnets, mitigating supply risks after China curbed exports this year and representing a major coup for MP that sent its shares soaring by a fifth.
Apple Inc. signs $500 million deal with MP Materials to secure rare earth magnets, reducing reliance on China.
The continent wants to reduce the risks of depending so heavily on China for the valuable minerals. The question is how.
As rare earth supply chains are disrupted by tariffs and other trade barriers with China, e-waste recycling is growing as a solution to metals shortages.
While the area has traditionally been renowned for livestock, today the region embodies the stranglehold that China has over the supply of rare earth elements, as it is home to one of the world’s largest reserves of rare earth elements,
The U.S. is opening its first new Wyoming coal mine in decades to extract both coal and critical rare earth metals, inching the country closer to the Trump administration’s energy independence goals.
2don MSN
China's exports growth beat expectations in June as businesses continued to divert shipments to non-U.S. markets while shunning the U.S. despite a tariff reprieve.