Apple to buy first large batch of carbon-free aluminum for iPhone SE
Reuters
Published Mar 24, 2022 08:05AM ET
(Reuters) - Apple Inc (NASDAQ:AAPL) said on Thursday it will buy its first industrial-size batch of carbon-free aluminum to use in its low-cost iPhone SE, as it steps up efforts to reduce carbon footprint from the metal it uses heavily in product casings.
Details about the size or cost of the purchase were not disclosed.
The iPhone maker has been taking steps to reduce its use of the carbon-intensive metal that emits direct greenhouse gases from the smelting process and has spiked consumer, activist and investor dissent due to its environmental impact.
Apple first bought a smaller batch of the lab-made metal in 2019 from Elysis, a Montreal-based joint venture between two of the world's biggest aluminum suppliers - Alcoa (NYSE:AA) Corp and Rio Tinto (NYSE:RIO). It had used the metal in its 16-inch MacBook Pro.
Elysis had originally planned to commercialize its technology, which uses a ceramic anode to make aluminum and emits only oxygen, by 2024.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.