Apple confirms $500M investment in rare earths miner MP Materials

6 hours ago 1
Large mining rock dump trucks transporting Platinum ore for processing

Sunshine Seeds/iStock via Getty Images

MP Materials (NYSE:MP) +11.2% pre-market Tuesday after Apple (AAPL) said it would invest $500M in the operator of the only U.S. rare earths mine, confirming an earlier report, as the iPhone maker seeks to localize its mineral supply chain.

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