Apple Uses Daisy To Extract & Recycle Minerals From IPhones
Zacks Investment Research | Jan 12, 2020 10:07PM ET
Apple (NASDAQ:AAPL) , reportedly, is using a robot named “Daisy” to disassemble iPhones, so that it can reuse the minerals recovered from the devices.
Per a Reuters Apple Inc. Quote
Recycling to Improve Supply Chain
Recycling of materials is likely to help Apple reduce dependence on mining companies. Per the Reuters article, using “Daisy” is a part of the company’s plan to become a “closed-loop” manufacturer.
Moreover, effective recycling is expected to smoothen up its supply chain, thereby improving lead times and avoiding conflicts like the U.S.-China trade war.
Notably, China is the dominant supplier of raw rare earth elements. Apple’s effort to use recyclable scarce earth minerals counters China’s implied restriction upon rare earth element sales to the United States amid the ongoing U.S.-China trade war.
Additionally, recycling can somewhat insulate Apple from rising commodity prices.
Environment-Friendly Initiatives
Apple has been taking initiatives to become environment-friendly over the past few years and recycling old iPhones is a major step toward that.
Notably, recycling helps in slowing the damage done by reducing the need for both mining and processing raw materials.
Moreover, Apple is Zacks Investment Research
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