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Detroit Stays Quiet While Apple and BMW Line Up Metal Supplies for Batteries

  • BNEF says carmakers may invest directly in raw material output
  • GM, Ford have been tight-lipped about sourcing cobalt, lithium
Bloomberg business news
Bloomberg’s Jack Farchy reports on Apple’s talks with cobalt miners.(Source: Bloomberg)

As Apple Inc. and BMW AG take unprecedented steps to arrange supply of metals used in batteries that power iPhones and electric cars, Detroit’s automakers have been relatively quiet.

While General Motors Co. and Ford Motor Co. have made full-throated declarations recently that that they’ll electrify their lineups, neither has offered details on whether they’re lining up sources for cobalt and lithium that’ll be key to delivering on those promises. That stands in stark contrast to BMW, which went public with its procurement plans late last year.