MP Materials, the operator of the only rare earths mine in the United States, has signed a $500 million deal with Apple.

USA Rare Earth, Inc. USAR +23.5% + Free Alerts is another U.S.-based company involved in the mining, processing and supply of rare earth elements and other critical minerals. Founded in 2019 and headquartered in Stillwater, Oklahoma, USARE is working to develop a vertically integrated domestic supply chain for rare earth element magnet production.

The factory will develop a series of neodymium magnet manufacturing lines specifically designed for Apple products.

Apple says it will invest $500 million in a magnet plant in Texas and an MP Materials recycling facility in California that will focus on rare earth elements recovery.

Initiation of the USD$18.4 million DOD Phase 2 award for the scale-up of its Louisiana commercial rare earth refining complex.Successful separation of terbium and dysprosium - critical heavy rare earth elements ("HREEs") - further to its US DoD Phase 1 project,

India is making efforts to diversify its supply on rare earth materials and also establish a robust framework for self-reliance in the critical minerals, which are crucial for the clean energy technology and for electronics sector,

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.

Many modern devices—from cellphones and computers to electric vehicles and wind turbines—rely on strong magnets made from types of minerals called rare earths. As the systems and infrastructure used in daily life have turned digital and the United States has moved toward renewable energy,

The F-35 fighter jet contains over 900 pounds of rare earth elements.” This alarming statistic, cited by the Center for Strategic and International Studies, puts into relief the gamble behind the Pentagon’s latest action: a 15% equity stake in MP Materials,