Apple in talks to buy cobalt directly from miners
Mining.com reports that Apple Inc is said to be in talks to buy long-term supplies of cobalt directly from miners as a way to ensure sufficient supply of the metal, an essential ingredient in the batteries that power its iPhone.Citing anonymous sources,Bloombergreportsthat the company is trying to secure contracts for several thousand tonnes of cobalt for five years or longer.
Negotiations are said to be in a preliminary stage, which means Apple may end up deciding not to go ahead with a deal, the article says.