Proactive Investors - Apple Inc (NASDAQ:AAPL) has announced a new 2025 target to use 100% recycled cobalt in all Apple-designed batteries as part of its effort to achieve carbon neutrality in all its products by 2030.
Announcing a major acceleration of its work to expand recycled materials across its products, the company also said magnets in Apple devices will use entirely recycled rare earth elements by 2025, and all Apple-designed printed circuit boards will use 100% recycled tin soldering and 100% recycled gold plating.
The company noted it significantly expanded its use of key recycled metals in 2022, and now sources over two-thirds of all aluminium, nearly three-quarters of all rare earths, and more than 95% of all tungsten in Apple products from 100% recycled material.
“From the recycled materials in our products to the clean energy that powers our operations, our environmental work is integral to everything we make and to who we are,” CEO Tim Cook said in a statement. “So we’ll keep pressing forward in the belief that great technology should be great for our users, and for the environment.”
Meanwhile, Bloomberg reported that Apple has tripled production in India, assembling over $7 billion of iPhones in the country in the last fiscal year, as it accelerates a move beyond China.
The company now makes almost 7% of its iPhones in India, which accounted for just 1% of the global total in 2021.
Citing sources who declined to be identified, Bloomberg reported that Apple is trying to avoid China as tensions between Washington and Beijing continue to escalate. Its longtime partners - including Foxconn Technology Group and Pegatron Corp Apple Inc (NASDAQ:AAPL) - who make most of the world’s iPhones in Chinese factories have added assembly lines at a rapid pace over the past year, the people said,