Apple Inc. is investing $500 million in MP Materials, America's sole operational rare earth company, according to sources. The announcement triggered a pre-market rally exceeding 13% for MP Materials shares. Under the agreement, Apple will procure U.S.-manufactured rare earth magnets from MP Materials' Texas facility. The partners will jointly establish two new plants: a magnet production hub in Fort Worth, Texas, and an electronics recycling center in Mountain Pass, California, where reclaimed materials will supply future Apple devices.

This collaboration represents a strategic triumph for the Trump administration, which consistently prioritized domestic rare earth mining as a national security imperative. A senior White House official hailed the deal as "beneficial for the nation and American workers." The investment follows the U.S. Department of Defense's recent $400 million commitment to MP Materials, targeting enhanced domestic supply chains and reduced Chinese dependency. China currently dominates approximately 60% of global critical mineral supplies and processes up to 90% of these materials.