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

The magnets, which are crucial for powering components like iPhone vibration motors, will be produced at MP's Fort Worth, Texas.

Key components for the iPhone 17 have reportedly started arriving at Foxconn’s facility in Sriperumbudur, Tamil Nadu, marking a significant step in Apple’s growing reliance on India as a manufacturing ...