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Apple Wants to Buy Cobalt Directly From Miners

The iPhone maker is reportedly keen to secure several thousand metric tons of cobalt, a key ingredient used to power smartphone batteries, for five years or longer, the anonymous sources said. Apple, one of the world’s biggest users of cobalt, is believed to have first opened talks with miners over a year ago in a bid to avoid getting caught out by potential future shortages of the raw material. Two-thirds of supplies come from the Democratic Republic of Congo.

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