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Investing involves risk and investments may lose value. Please consider your objectives and Acorns pricing before investing. Past performance does not guarantee future results. Menu IconA vertical stack of three evenly spaced horizontal lines. Apple is investing in a new joint venture with aluminum giants Alcoa and Rio Tinto.
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Apple uses a lot of aluminum in its products. The joint venture is called Elysis, and its focus will be on working to scale and commercialize a new aluminum manufacturing process that doesn’t generate greenhouse gases. Elysis that’s going to try a completely new method for producing industrial quantities of aluminum. Apple is teaming up with Alcoa and Rio Tinto Aluminum to develop the new method. 144 million in total to develop the technology. If all goes well, the process could go on sale beginning in 2024.