Apple cuts a deal for recycling rare earth magnets in US
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MP Materials, which runs the only American rare earths mine, announced a new $500 million agreement with tech giant Apple on Tuesday to produce more of the powerful magnets used in iPhones as well as other high-tech products like electric vehicles.
Nintendo's latest console is something of a change from the norm, however. The Nintendo Switch 2 is the first time that Nintendo has straight up just stuck a "2" on one of its consoles.
BEIJING (Reuters) -China's overseas shipments of rare earth magnets halved in May from April, tumbling to their lowest levels in more than five years due to export curbs.
JL Mag's statement could firm up hopes that discussions will yield results sooner than expected. Shares of other rare-earth companies also rose Wednesday, adding to the gains seen earlier in the week.
This combination of properties makes rare-earth magnets hard to beat. One alternative, says Dr Lewis, is to switch rare-earth elements for others that are chemically at least somewhat similar ...