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February 21, 2018 05:52 pm GMT
Cobalt is the new oil. Car companies and battery manufacturers are all rushing to secure multiyear contracts with mining companies for their lithium-ion batteries. According to a Bloomberg report, Apple is also participating in this game as the company wants to secure its long-term supplies.The company has never done this before with cobalt. Apple relies on a ton of suppliers for all the… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Ip0vxnxky5o/
Apple could be buying cobalt from mining companies directly
Cobalt is the new oil. Car companies and battery manufacturers are all rushing to secure multiyear contracts with mining companies for their lithium-ion batteries. According to a Bloomberg report, Apple is also participating in this game as the company wants to secure its long-term supplies.The company has never done this before with cobalt. Apple relies on a ton of suppliers for all the… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/Ip0vxnxky5o/
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