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Apple to invest $500 million in rare earths mine operator MP Materials: Report - The Economic Times
Economic Times
·
24d ago
Medial
Apple is set to invest $500 million in MP Materials, the sole U.S. rare earths mine operator, to expand the production of rare earth magnets and reduce reliance on China. This partnership includes plans for Apple to buy U.S.-made magnets from MP’s Texas facility and build additional facilities in Texas and California. MP Materials shares rose following the news, and a U.S. government deal guarantees higher prices for certain rare earths to encourage domestic production.
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Apple is not passing on costs of climate goals to consumers, exec says
Economic Times
·
1y ago
Medial
Apple's Vice President for Sustainability, Lisa Jackson, stated that the company does not charge consumers more to account for its efforts to reduce carbon emissions. Apple, with a market capitalization of around $2.8 trillion, aims to set an example for other businesses in adopting clean energy and recyclable materials. Jackson highlighted that making windmills for renewable energy also has a carbon footprint, and Apple is working with smaller companies to recycle rare earths and other materials, with the goal of scaling the initiative for other businesses to follow.
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India moves to conserve its rare earths, seeks halt to Japan exports, sources say
Economic Times
·
1m ago
Medial
India has instructed state-owned miner IREL to halt exports of rare earth elements to Japan, seeking to conserve the minerals for domestic use and reduce reliance on China. The rare earth materials, essential for producing electric vehicle motors, have been supplied under a 2012 agreement with Japan's Toyotsu Rare Earths India. With changes in global rare earth supply dynamics, India aims to bolster its domestic capabilities and negotiate the existing export agreements amicably.
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National plan for key materials needed to secure EV future: Auto parts makers
Economic Times
·
1m ago
Medial
Auto parts manufacturers in India are advocating for a national strategy to secure materials critical for the future of automobile manufacturing, including electric vehicles. This need arises as China's export restrictions on rare earths disrupt global supply chains. India, possessing adequate raw materials, could achieve self-sufficiency with processing centers. The auto parts industry saw a 10% revenue growth in FY25, driven by domestic demand and exports, showcasing India's manufacturing competitiveness.
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Magnet crunch: Indian firms pitch supply chain plans to curb China’s rare earth dominance
Economic Times
·
1m ago
Medial
Facing a rare earth magnet supply crunch due to China's export restrictions, Indian companies are proposing in-house magnet supply chains to the government. Midwest Advanced Materials and Entellus plan to produce locally, while Indian Rare Earths aims to match China's pricing. Dependence on Chinese imports has hindered past domestic magnet production. The government is considering a ₹3,500–5,000 crore incentive scheme to boost local production and reduce reliance on China for critical components.
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Niron Magnetics Raises $25M in Funding
Finsmes
·
1y ago
Medial
Minneapolis-based Niron Magnetics has secured $25m in funding to expand its production facilities and scale manufacturing capacity for its rare earth-free permanent magnets. The funding round was led by Samsung Ventures, with participation from Allison Ventures, Magna, Shakopee Mdewakanton Sioux Community, and the University of Minnesota. The company's Clean Earth Magnet technology, based on Iron Nitride, allows for the production of high magnetization magnets without the use of rare earths or other critical materials, offering new possibilities in the design of electric motors and generators.
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Magnets, chips & a tech tug-of-war - The Economic Times
Economic Times
·
1m ago
Medial
Indian automakers are negotiating with China for stable rare earth magnet supplies after China's export controls affected production. These controls respond to U.S. limits on AI chips, affecting global trade talks. While the U.S.-China trade truce temporarily eased tensions, India aims to secure better terms with both nations by distinguishing between strategic and commercial interests. China’s restrictions on rare earths are seen as tactical to maintain its tech edge, but nations like India are pushing for reliable supply chains.
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How China is playing a twin-track game with India
Economic Times
·
1m ago
Medial
China is exerting trade pressure on India by delaying or halting exports of rare earths, specialty fertilizers, and machinery, impacting India's tech and agricultural sectors. This strategic leverage reflects China's dominance in these critical supply chains. The obstructions serve as a geopolitical maneuver, possibly in response to India's restrictions on Chinese investments post-Galwan clash. India is diversifying its sources, but the short-term disruptions test its economic resilience while diplomatic dialogues continue.
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Tesla ready to invest up to $2 bln to build India factory, but with riders
Reuters
·
1y ago
Medial
According to a report by the Economic Times, Tesla is willing to invest up to $2 billion to establish a factory in India if the government lowers import duty on its vehicles to 15% for the first two years. The company is also open to investing $500 million if the reduced duty applies to 12,000 vehicles. The government is still evaluating the feasibility of Tesla's proposal.
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Apple plans to invest another $100 billion in US manufacturing amid tariff pressure - The Economic Times
Economic Times
·
2d ago
Medial
Apple plans to invest $100 billion in US manufacturing amid tariff pressure from the Trump administration. President Trump, advocating for US production, is expected to announce this initiative with Apple CEO Tim Cook. This move follows Apple's $500 billion investment plan to bolster its AI infrastructure and mitigate tariff impacts. A new factory in Texas and a manufacturing academy in Detroit are part of the strategy to foster AI-driven production techniques within the US.
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ET X Tracxn to unveil Andhra Pradesh-Telangana’s next-gen startups and strategic sectors at Soonicorns Sundowner Hyderabad - The Economic Times
Economic Times
·
14d ago
Medial
The Economic Times, in collaboration with Tracxn, will unveil the 'ET Top Soonicorns and Minicorns X Top Sectors AP-Telangana 2025' report at the first-ever ET Soonicorns Sundowner in Hyderabad. The report highlights the rise of minicorns, startups valued between $100 million and $500 million, especially in sectors like electric vehicles, EdTech, and NewSpace. This initiative aims to spotlight Hyderabad’s emergence as a major innovation hub within India's expanding digital economy.
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