Apple Inks $500M Deal With the Only US Rare Earth Miner
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Nintendo’s Switch 2 videogame machine uses a rare-earth magnet to attach its hand-held controllers to the main console, according to a teardown.
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.
Reuters. FILE PHOTO: A view of pressers and furnaces used to make rare earth permanent magnets at a factory owned by Neo Performance Materials, in Narva, Estonia, March 10, 2025.