Why Apple Wants to Buy Cobalt Directly From Miners

Apple is negotiating to buy cobalt directly from mining companies to secure its supply for iPhones and iPads, amid concerns about rising demand from electric vehicle batteries. This move is unprecedented for Apple, as the cobalt market has been relatively small and stable. The company is considering deals with major mining firms like Glencore and Eurasian Resources Group. The Democratic Republic of Congo, which produces a significant portion of the world's cobalt, plays a crucial role in this supply chain. Apple's strategy involves securing large-scale agreements rather than dealing with smaller mines individually.

Why is Apple considering buying cobalt directly from mines?

• To secure its supply amid rising demand

• To diversify its product line

• To reduce production costs

• To enter the mining industry

What is unique about Apple's current approach to securing cobalt?

• They are reducing their cobalt usage

• They have never bought cobalt directly from miners before

• They are entering a new market

• They have always bought directly from miners

Which companies are potential partners for Apple in securing cobalt?

• Microsoft and Google

• Glencore and Eurasian Resources Group

• Tesla and Ford

• Samsung and LG

What percentage of the world's cobalt is produced by Congo?

• 66%

• 75%

• 50%

• 33%

What is a major concern for Apple when dealing with cobalt suppliers in Congo?

• Lack of mining companies

• Securing licenses and permits

• High transportation costs

• Low quality of cobalt