Apple’s investment in the mining company MP Materials will also help the tech giant reduce its dependence on China for rare earth metals.

The moves by Apple and the Pentagon are part of a broader U.S. push to nearshore rare earth supply chains. Earlier this year, President Trump proposed annexing Greenland, an autonomous Danish territory estimated to contain $4.4 trillion worth of rare earth reserves. Vice President JD Vance made a surprise visit in support of the plan.

MP Materials announced a $500 million deal with Apple to supply recycled rare earth magnets for iPhones and other tech products, according to AP. The deal follows a $400 million Pentagon investment that makes the U.