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Apple is in talks to buy cobalt directly from miners to help protect it from any shortages caused by the boom in electric cars, according to a Bloomberg report. Cobalt is a key mineral used in lithium-ion batteries, and Bloomberg says Apple is looking to secure contracts for several thousand metric tons of cobalt each year for five years or more. His first discussions on deals were made a year ago, but another source told Bloomberg that Apple could not even go ahead with the plans.
If Apple ends up buying cobalt directly, it will be in competition with car manufacturers and battery manufacturers to block supplies of the raw material. Car giants like BMW and Volkswagen are also looking for multi-year offers to ensure that …

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