Cobalt prices have skyrocketed of late due to an expected growth in demand for electric vehicles powered by lithium-ion batteries. Apple is one of the largest users, and until now it has been buying metal through the companies that make batteries for its devices. But as battery science continues to improve and battery quality control becomes ever more important, it's easy to believe Apple could want to exert more and more control over the manufacturing process - and locking down the necessary resources to do so would be a good first step.
Some materials companies are working on ways to recover and recycle cobalt from old and faulty batteries as alternatives to mining new supplies.
About Making Comments on our Site: Patently Apple reserves the right to post, dismiss or edit any comments. BMW is also close to securing a 10-year supply deal with an unnamed supplier in February. And yet, cobalt prices have tripled over the past 18 months.
Talking to reporters in London last December, Glasenberg said the company had held talks with Apple, Tesla (TSLA.O) and Volkswagen (VOWG_p.DE) as part of ongoing discussions with industrial clients.
Cobalt is a byproduct of copper and nickel mining, used until recently to harden steel and before its ability to efficiently conduct electricity was discovered.
"The problem has nothing to do with the amount of cobalt in the ground but rather the number of mines now producing cobalt", said Trent Mell, CEO of First Cobalt Corp, the world biggest cobalt exploration company. About 60 percent of the world's cobalt supply comes from the Democratic Republic of the Congo, and about 20 percent of it is mined by hand by children, Amnesty International reported in 2016.
Warning more snow could be on the way on Sunday
Heavy hail and snow showers are expected to fall on Sunday and continue through until around 3pm on Monday afternoon. Public Health England (PHE) government forecasters have extended a cold weather health alert until Tuesday.
Flood watch in effect; sleet, freezing rain later
While 12 hours might not seem like that big a deal, there is a significant amount of rain expected over a short amount of time. A Flash Flood Watch has been issued for portions of eastern Texas, southeastern Oklahoma, and southwestern Arkansas.
S. Korea and United States to continue joint military drills
The two militaries typically hold two operations in March and April called Key Resolve and Foal Eagle, according to Reuters . Both the South and North appear to be tip-toeing around these issues during the period of the Pyeongchang Olympics, he said.
Tracking a possible weekend snow maker
Scenario 2: A storm track closer to the coast= Lower snowfall totals for RI and SE MA due to a change or mix with sleet and rain . Up in the mountains, the active weather pattern will bring accumulating snow through the weekend for elevations above 6,000 feet.
Second federal judge halts DACA termination
There are approximately 700,000 DACA beneficiaries, though the administration is not required to process new applications. On Friday, the Supreme Court will consider whether to take on the issue.
US Kills Hundreds Of Russian Mercenaries In Syria
Lavrov also reiterated that Russian Federation remains in favor of Kurdish participation in the Syrian peace process. Two Russians familiar with the matter said more than 200 pro-government soldiers were killed in the conflict.