- Apple Inc AAPL looked to buy its first industrial-size batch of carbon-free aluminum for its low-cost iPhone SE to reduce its carbon footprint.
- The financial terms of the transaction remain undisclosed.
- Apple first bought a smaller batch of the lab-made metal in 2019 from Elysis.
- Elysis is a joint venture between two of the world's biggest aluminum suppliers, Alcoa Corp AA and Rio Tinto PLC RIO. Apple had used the metal in its 16-inch MacBook Pro.
- Price Action: AAPL shares traded higher by 1.32% at $172.44 on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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