Cobalt is an essential component in lithium ion batteries, making it a crucial material in the production of smart devices and electric vehicles. But, as battery-hungry cars go mainstream, there's a risk that the world's supply will be eaten up by cars, which poses a problem for all of the other things we use. It's why Apple has reportedly entered into direct talks with cobalt miners in the hope of securing a supply of the material itself. Bloomberg reports that the company, which has previously left the effort to its battery manufacturers, has now taken a more active role.
Source: Bloomberg
Apple may secure its own battery materials to avoid shortages posted first on https://www.engadget.com
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