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Apple Inc. shares fall 1.20% intraday after announcing a $500 million investment in MP Materials for rare earth magnets.
ByAinvest
Tuesday, Jul 15, 2025 9:33 am ET1min read
Apple Inc. declined 1.20% in intraday trading, with the company announcing a $500 million investment in MP Materials, a rare earths mine operator. This investment is part of Apple's broader strategy to localize its mineral supply chain and boost U.S. manufacturing. The deal includes the establishment of a new recycling facility for processing recycled rare earth elements and the development of novel magnet materials and technologies.
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