Chinese Rare-Earth Magnet Exports Surge
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Apple’s investment in the mining company MP Materials will also help the tech giant reduce its dependence on China for rare earth metals.
The Defense Department (DOD) is investing in MP Materials to undercut China’s rare-earth magnet dominance. China dominates the supply
MP Materials is a US producer that just last week secured backing from the Pentagon, and will now be working with the biggest name in consumer technology.