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tz-plus logo Apple is Reportedly Investing $500 Million in MP Materials – Second Kickoff for the US Supply Chain of Rare Earths in Just a few Days.

S. Bank
Reading Time: 2 minutes

Apple is reportedly investing $500 million in MP Materials – second kickoff for the US supply chain of rare earths in just a few days. The stock of MP Materials (MP) is strongly accelerating. It is the leading US producer of rare earths located at the Mountain Pass Mine in California – the only large-scale mine of its kind in the Western Hemisphere. The company controls the entire value chain, from extraction to refining and the production of magnet precursors, which are critical for electric vehicles, wind power, and defense. Given China's...

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