#Apple turns to miners to lock in #Cobalt supplies: #Bloomberg

Apple iPhone batteries

#Cobalt, a by-product of #Copper and a key ingredient in #Lithium-ion batteries, has seen strong demand due to its use in smartphones and would get a further boost as electric vehicles come to the fore.

The #iPhone maker is seeking contracts to buy several thousand metric tons of cobalt for five years or longer, #Bloomberg reported.

Read more at: https://ca.reuters.com/article/businessNews/idCAKCN1G50M3-OCABS

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