Apple invests $500 million in rare earths mine operator MP Materials

FILE PHOTO: A women uses an iPhone mobile device as she passes a lighted Apple logo at the Apple store at Grand Central Terminal in New York City, U.S., April 14, 2023. REUTERS/Mike Segar/File Photo

(Reuters) -Apple said on Tuesday it would invest $500 million into rare earths mine operator MP Materials, as the iPhone maker seeks to localize its mineral supply chain.

(Reporting by Zaheer Kachwala in Bengaluru; Editing by Anil D'Silva)