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    ITNewspapersThe Economic Times

    Apple to invest $500 million in rare earths mine operator MP Materials: Report

    Binu Mathew
    By Binu MathewJuly 16, 2025

    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.

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