The panel of ‘The Big Money Show’ discusses President Donald Trump’s plans to acquire more rare earth materials and more.
Exclusive: Apple is expected to announce an obligation of $ 500 million to MP materials – the only rare nature mine that is currently active in the United States, according to several sources that are familiar with the deal.
The agreement includes plans for Apple to buy American rare earth magnets of the Texas facility of MP Materials, which marks a “big win” for the Trump administration, according to those who are familiar with the deal.
The Trump government has made rare earth extraction and reinforce the domestic supply chains two of the best national security priorities.
Apple is expected to announce an obligation of $ 500 million on MP materials.
The Apple agreement with MP materials is also expected to include the construction of a new recycling facility in Mountain Pass, California, that will re -process materials of used electronics used in future Apple products.
MP -Materials cuts the American rare earth to China in the midst of continuous tariff struggle
“Apple earns a lot of praise for the performance,” the official continued. “It’s good for the country, good for American employees, and it will also turn out to be good things.”
The higher officer of the White House added: “Other companies must notice.”
The agreement comes days after the Ministry of Defense has announced that it also takes a $ 400 million interest in MP materials.
A representation of the MP materials Rare Earth Open-Pit Mine in Mountain Pass, California, US 30 January 2020. (Steve Marcus / Reuters / Reuters -photos)
The company called the government’s investment a “transformational public-private partnership”, and said that the investment made an attempt to “accelerate the construction of an end-to-end US Rare Earth Magnet Supply Chain and reduce foreign dependence”.
China currently produces around 60% of the critical mineral supply in the world and processes up to 90%.
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The deal also comes after the president Donald Trump It reached a deal with Chinese President Xi Jinping to resume the trade of critical minerals after the shipments had previously stopped in 2025 after the series of rates of the White House against China and other countries.
Trump signed an executive order in March to increase American mineral production. The president said that it is “necessary” for US national security that the country takes immediate action to facilitate domestic mineral production to a maximum possible extent. “
