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

Plus: Tailwater Capital secures $250 million commitment for its upstream strategy and True North Advisors acquires California-based Blue Investment Partners.

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.