MP Materials to supply Apple with US-made rare earth magnets
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China, NVIDIA and Rare Earth
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MP Materials’ goal to become a national rare-earths “champion” that can go toe-to-toe with China was turbocharged by Pentagon investment and an Apple deal. But its journey there highlights the hurdles American producers face.
The $400 million investment will create a domestic supply chain for materials used in fighter jets and missiles.
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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.
In the chaos of war, there’s nothing to stop Chinese firms from ravaging the landscape and extracting the minerals, which end up in China.
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,
A diplomatic breakthrough with China is the only short-term fix for easing the shortage of rare-earth magnets, a top executive at one of the largest auto components maker said, as the exports curbs by the East Asian nation chokes the production of electric vehicles.
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.