The factory will develop a series of neodymium magnet manufacturing lines specifically designed for Apple products.

Apple Inc. has struck a $500 million deal to buy rare-earth minerals from MP Materials Corp., the US producer that just last week secured backing from the Pentagon.

Apple has announced a $500 million investment in MP Materials, a rare earth mining company based in the US. With the deal, the two companies will partner on the development of a rare earth magnet recycling line in Mountain Pass, California, allowing Apple to use reprocessed electronics and scrap material to build its products.

Apple Inc. (NASDAQ:AAPL) is in the midst of a significant management reshuffle. Despite the company’s biggest crisis in years, CEO Tim Cook remains firmly at the helm. Bloomberg's Mark Gurman, in his latest weekly "Power On” report revealed that,

Tim Cook is Apple’s longest-serving CEO. But what industry gossipers want to know is, what will happen if and when he’s replaced?

Two research analysts made waves last week when they called for a major shakeup at tech giant Apple. The analysts weren’t suggesting a logo or product redesign. Instead, they called for the replacement of Tim Cook,