If Apple does end up buying cobalt directly, it will be in competition with vehicle manufacturers and battery makers in locking up supplies of the raw material.
Apple Inc is in talks to buy long-term supplies of cobalt for iPhone batteries directly from miners, Bloomberg reported on Wednesday, citing sources. About a quarter of total cobalt production is used by the smartphone companies to manufacture the batteries, according to Bloomberg.
A confidential source, speaking to Bloomberg, claimed that Apple is seeking to establish contracts to secure several thousand metric tonnes of cobalt per year for the next five years or more. While those devices use about eight grams of refined cobalt, the battery for an electric auto requires over 1,000 times more. Vehicle giants like BMW and Volkswagen are also searching for multiyear deals to ensure they also have enough cobalt to meet targets in electric auto production.
On it's part, Apple declined to comment on the issue.
The automobile sector has certainly pushed up the demand for cobalt, but it has not peaked yet, according to Darton Commodities, which specializes in the sale of cobalt. BMW is also close to securing a 10-year supply deal with an unnamed supplier in February.
Saudi Arabia Pledges $1.5 Billion to Help Rebuild Iraq
Iraq needed far more donations on Wednesday, the last day of an appeal for funding to come forward at the Kuwait conference. On the reconciliation process in Iraq, he said it should guarantee Iraqis of all sects equal opportunities.
If anything, prices for the metal are expected to rise even further this year, as the Democratic Republic of Congo, responsible for more than half the world's supply, recently hiked its taxes and royalties on the metal. The metal is a key ingredient in Apple's lithium-ion batteries for iPhones and iPads.
Ivan Glasenberg, the chief executive at mining firm Glencore, said late a year ago that Apple was among several companies that the Anglo-Swiss enterprise was talking to about cobalt, without giving further details.
Hong Kong-traded China Molybdenum, based in the central province of Henan, bought a 56 per cent stake in Congo-based copper and cobalt miner Tenke Fungurume Mining for US$2.65 billion in 2016. Volkswagen reportedly tried to lock deals with cobalt suppliers by treating them to meetings in a 30,000-seat stadium in their corporate hometown in Wolfsburg, Germany.
In recent years, Apple has stepped up its engagement with cobalt suppliers after the origin of the metal in its supply chain came under scrutiny from human rights groups. Global cobalt prices soared from $34,600 per ton in January 2017 to $81,360 this year, rising by about 135 percent, due to ongoing war in the Democratic Republic of Congo - the biggest cobalt producer globally.
The firm is not identified in the filing, but appears to be Skadden, Arps, Slate Meagher & Flom, a well-known Washington firm. The attorney, Alex van der Zwaan , worked in London for the prominent NY law firm Skadden, Arps, Slate, Meagher & Flom.
Today, we're seeing the end result of those efforts, as the new Google Pay app has officially launched on the Play Store . Google objective is that users have a consistent checkout experience using the cards saved in Google Account.
West Ham United missed a number of opportunities to sign Chelsea-owned Dortmund loanee Michy Batshuayi over the past two years. Arsenal began the Europa League knockout stage with a convincing 3-0 win over Ostersunds in Sweden on Tuesday.
So long as the mission goes according to plan, New Horizons could hold on to its lead for a long time. At present, the New Horizons probe is at a distance of 6.12 billion km (3.79 billion mi) from Earth.
I think that was on the athletes' shoulders". "We felt like we were too casual". "We've really bonded during these competitions". Nagasu had landed triple axels in previous competitions, but never in such a pressure-packed situation as the Olympic stage.
I just want people to listen. "I think my voice should have been heard then", Crooks told Cosmopolitan . The president says he doesn't know Rachel Crooks and "to the best of my knowledge, never met" her.
It also unleashed its most powerful nuclear blast to date in September, in what it claimed was a test of a thermonuclear weapon. Both the South and North appear to be tip-toeing around these issues during the period of the Pyeongchang Olympics, he said.
Lapid, who also called on Netanyahu to step down, was finance minister at the time one of the allegations took place. Colette Avital, a former MP for the left-wing Labour party, told AFP the march was about more than just Netanyahu.
It would spell trouble for Spotify if their devices denied access or otherwise favored their own streamers. Odds are Spotify is planning some kind of device that can complement its popular music streaming service.
The Ninth Circuit, Thomas wrote, applied the wrong standard of review in weighing the constitutionality of the waiting period. And California's waiting period applies to new gun purchases even if the owner already possesses another legal weapon.
Federal Aviation Administration spokesman Allen Kenitzer said the Eurocopter EC130 aircraft sustained considerable damage. Authorities said the four survivors were level one trauma patients, meaning they had critical, life-threatening injuries.
He's a Brigham Young University graduate who went on to become the first Mormon presidential nominee of a major political party. As it turns out, Trump could have saved the $215 he spent on Romney's dinner. " Donald Trump is a phony , a fraud", Mr.
As that front drives in a brisk northwest wind (gusting over 25 mph), colder air will begin flowing into the Garden State. Still, regardless of how much snow accumulates on the ground, travel will be quite hard during the height of the storm.
Russian officials said that no Russian forces were involved in the attack, according to the New York Times . Harrigan added that the attacking forces were fighting on the side of Bashar al-Assad's regime.
All the cardholders get back 2% on restaurants, gas stations and drugstores while 1% for all other purchases, notes TechCrunch . The card also becomes the first Prime-branded card available to Whole Foods customers.
Nevertheless, it is unlikely that the ANC leadership, long intimidated by Zuma, has ever spoken to him in such plain terms. The president also acknowledged Zuma's continued role in the development agenda and economic welfares of the two states.
The version was being updated with the February Android security patch. "We are rolling out Android Oreo 8.1 on Nokia 8! ". This means the Nokia-branded handsets sold in the last three months of 2017 were more than manufacturers like, and.
According to Sky news, Oxfam's worldwide executive director Winnie Byanyima has also apologised, calling the scandal "shameful". Oxfam faces having its funding threatened and an investigation by the Charity Commission following the revelations.
Evidence suggests that the source of the outbreak is possibly kratom, which is a plant that is used as a substitute to opioids. Some consumers have hailed the drug as a "natural" pain remedy, but some medical experts say it can be unsafe , even deadly.
"From the bottom of my heart, I am asking for forgiveness", Byanyima said, adding she wants all victims of abuse to come forward. The organisation has said that the names of the men involved have already been shared with the Haitian authorities.
The British Geological Survey said the epicentre was approximately 20km north-north-east of Swansea and at a depth of 7.4km. A magnitude 4.4 natural disaster felt in parts of Britain Saturday was its strongest in a decade.
The Saturday evening, the flight of Justin Trudeau and his wife Sophie Grégoire along with three children landed at IGI Airport. In Ahmedabad, he will participate in a discussion at Indian Institute of Management, Ahmedabad and also visit Sabarmati Ashram.
The businessman filed the suit after Alexey Navalny published his investigation based on Vashukevich's posts and book. Miss Rybka posted several videos in 2016 showing Deripaska on his yacht talking with Deputy Prime minister Prikhodko.
Social Bite is a social enterprise that donates over 100,000 food and hot beverage items to homeless people in Scotland each year. Markle have regularly spent time there over the past year and a half", Kensington Palace said in a statement.