Argentina Bans Polymarket App; Ohio Plant Secures Magnets for 220M iPhones
A Buenos Aires court ordered network-level blocking of Polymarket and removal of its app from Apple’s Argentine App Store over missing age-verification controls. REalloys’ Ohio metallization plant plans 400 tonnes of rare-earth metal output by 2027, scaling toward 600 tonnes to secure magnets for Apple’s 220 million iPhones.
1. App Store Removal in Argentina
A Buenos Aires court ordered network-level blocking of Polymarket and directed removal of its app from Apple’s Argentine App Store due to alleged gambling regulation breaches, including lack of age and identity verification. Apple must comply with the court order or face regulatory penalties in the region.
2. Ohio Metallization Plant Expansion
REalloys is scaling its Euclid, Ohio metallization facility to produce 400 tonnes of high-purity rare earth metal annually by late 2027, increasing toward 600 tonnes in Phase 1. These alloys are critical for permanent magnet production, a key component in Apple’s hardware.
3. Supply Chain and Financial Implications for Apple
Securing a domestic rare earth supply reduces Apple’s exposure to Chinese market risks and aligns with U.S. defense rules banning Chinese-origin magnets by 2027. Improved magnet sourcing could enhance production stability and support margins for Apple’s iPhone and device lineup.