Apple is negotiating to buy long-term supplies of cobalt directly from miners for the first time. The iPhone maker is one of the world’s largest end users of cobalt for the batteries in its gadgets. Photo: Winson Wong
Apple in talks to buy key mineral used in batteries as China secures bulk of global supply
The iPhone maker is seeking multiyear contracts to lock up its supply of cobalt, an essential ingredient in lithium-ion batteries for smartphones and electric vehicles.
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Apple
Apple is negotiating to buy long-term supplies of cobalt directly from miners for the first time. The iPhone maker is one of the world’s largest end users of cobalt for the batteries in its gadgets. Photo: Winson Wong