<p>MP Material, the operator of the only rare earths mine in the United States has signed a $500 million deal with Apple. </p><p>The agreement aims to boost productions of magnets used in iPhones other as well as hi-thech productions like electric vehicles.</p><p>China dominates the market for rare earth elements which are vital for military and tech applications.</p><p>MP Materials plans to expand its Texas factory to use recycled materials and to produce magnets for Apple by 2027 further reducing U.S. reliance on Chineses supplies.</p><p>I'm Lisa Dwyer.</p><p> </p>
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