- 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.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in