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Benzinga
Benzinga
Technology
Anusuya Lahiri

Here's How Apple Looks To Reduce Carbon Footprint While Manufacturing iPhone SE

Apple NYSE AAPL Alcoa Corp Nasdaq Rio Tinto PLC
  • Apple Inc (NASDAQ: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 (NYSE:AA) and Rio Tinto PLC (NYSE: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.
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