Apple May Start Buying Cobalt Directly From Miners

It's been reported that Apple is poised to purchase long-term supplies of cobalt, used to produce iPhone batteries, directly from the source, miners. The giant tech company has plans to secure contracts that will allow them to buy several thousand metric tons of cobalt for five or more years. The price of cobalt has increased exponentially due to the growth of electric vehicles, which are powered by lithium-ion batteries that's created with the use of cobalt. If the rumors are true, Apple will i...