Apple, rare earths and Pentagon
Digest more
The demand for rare earth minerals is increasing globally. These minerals are used for several purposes, including usage in smartphones, electric vehicles, defense equipment, and renewable devices. At present,
EXCLUSIVE: Apple is expected to announce a $500 million commitment to MP Materials — the only rare earth mine currently operating in the United States, according to multiple sources familiar with the deal.
China's rare earth export curbs disrupt India's electric vehicle (EV) ambitions, sparking urgent policy shifts and efforts to reduce dependency through domestic production and alternative sourcing.
USA Rare Earth, Inc. USAR +23.5% + Free Alerts is another U.S.-based company involved in the mining, processing and supply of rare earth elements and other critical minerals. Founded in 2019 and headquartered in Stillwater, Oklahoma, USARE is working to develop a vertically integrated domestic supply chain for rare earth element magnet production.
Ionic Rare Earths JV has secured land in Brazil for Latin America’s first rare earth refining hub. Backed by local and federal support, it will process rare earths and recycled magnets by 2026.
Explore more
As rare earth magnet shortages threaten India’s EV and defence sectors, a little-known state-run firm, 75 years old, is emerging as a critical player. We have the inside story of its roller coaster ride—since 1950.
China has leveraged its dominance over rare earths for Nvidia chips; however, this expert says world isn't decoupling, it is just bartering.
The House Foreign Affairs Committee heard testimony on security risks as the U.S. remains 100% import reliant on nearly a quarter of 50 critical minerals dominated by China.