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Apple Strikes $500 Million Deal for Rare-Earth Magnets

Summary by 24matins.uk
Apple has finalized a $500 million deal to secure rare earth magnets, strengthening its supply chain for key components used in devices like iPhones and MacBooks. This move highlights Apple’s ongoing efforts to ensure reliable access to essential materials.
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24matins.uk24matins.uk

Apple Strikes $500 Million Deal for Rare-Earth Magnets

Apple has finalized a $500 million deal to secure rare earth magnets, strengthening its supply chain for key components used in devices like iPhones and MacBooks. This move highlights Apple’s ongoing efforts to ensure reliable access to essential materials.

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24matins.uk broke the news in on Friday, July 25, 2025.
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