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Apple Inks $500M Deal With the Only US Rare Earth Miner Amid US-China Trade War
The moves by Apple and the Pentagon are part of a broader U.S. push to nearshore rare earth supply chains. Earlier this year, President Trump proposed annexing Greenland, an autonomous Danish territory estimated to contain $4.4 trillion worth of rare earth reserves. Vice President JD Vance made a surprise visit in support of the plan.
Nintendo’s Switch 2 videogame machine uses a rare-earth magnet to attach its hand-held controllers to the main console, ...
China accounts for about 60% of global rare earth mine production, but its share jumps to 85%-90% of processed rare earths and magnet output.
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