Some floor model iPhone Xs are seen inside the the Apple Store Union Square prior to the store's opening on November 3, 2017, in San Francisco, California. Apple's flagship iPhone X hits stores around the world as the company predicts bumper sales despite the handset's eye-watering price tag, and celebrates a surge in profits. / AFP PHOTO / Elijah Nouvelage
Apple Inc is backing a joint venture between metal producers Alcoa Corp and Rio Tinto Group to develop a new aluminium-making process that eliminates greenhouse gases.
The Alcoa-Rio joint venture, which will get initial funding of C$188mil (RM581.99mil), will be based in Montreal and have a research facility in Quebec’s Saguenay region, the aluminium companies said in a statement. The announcement was made with Canadian Prime Minister Justin Trudeau on hand along with executives from the three companies. While Alcoa and Rio are developing the technology, which they plan to put on sale beginning in 2024, Apple said it “helped facilitate” the collaboration and will provide technical support.
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