Apple to invest $500 million in rare earths mine operator MP Materials: Report
By
Binu Mathew
Apple said on Tuesday it would invest $500 million into rare earths mine operator MP Materials, as the iPhone maker seeks to localize its mineral supply chain.
The investment is part of a broader push to bring the production of its coveted iPhones to the United States and boost US manufacturing amid a push from the Trump administration to cut reliance on China.
