Article 6: Why Apple is getting cozy with aluminum giants Alcoa and Rio Tinto
I am a big lover of Apple. All the electronic products I own are Apple: iPhone, iPod, iPad, MacBook Air. So I was quite happy to read this article. Three years ago, Apple engineers brought together the two largest aluminum smelters in the world, Alcoa and Rio Tinto, as they were looking for way to reduce their carbon footprint. Thus, Elysis was born, a joint venture between Alcoa, Rio Tinto, and Apple to come up with a smelting process that would not only eliminate carbon but produce oxygen. It will not only decrease something negative but create something positive, which is a huge leap forward.
In their 2018 environmental progress report, Apple stated that 24% of their greenhouse gas emissions come from aluminum manufacturing. Meaning they can eliminate a quarter of their GHG emissions, which is the equivalent of removing 1.8 million cars from the road.
I checked AAPL’s stock for the 11thwhen this article came out and it was about 190 per share. It’s dipped to around 187 in the past few days. Though I believe the drop is related to the class action lawsuit against Apple over the butterfly keyboards of their MacBook’s.
Source: GreenBiz
Author: Heather Clancy
https://www.greenbiz.com/article/why-apple-getting-cozy-aluminum-giants-alcoa-and-rio-tinto