Apple CompliesExcellent news for those long tantalum companies as the Dodd-Frank Reform Act kicks in March 31, 2011. Apple released its supplier report today and they will be compliant with the SECs ruling.
Going to be hard to keep the margins high on those ipads with the price of tantalum tripling. Just a sec. I will find that too somewhere.
Feb 14, 2011 6:00 pm
Apple Releases 2011 Supplier Responsibility Report
By David Chartier, Macworld
Conflict-free minerals
The supply chain for various materials that Apple and many tech companies use in their products can be convoluted, ranging from family-run mines, to brokers, and commodity exchangers. Apple has been mapping its supply chain and working with the Extractives Workgroup, a joint effort of the Electronics Industry Citizenship Coalition and the Global e-Sustainability Initiative, to validate conflict-free sources and comply with new provisions of the Dodd-Frank Consumer Protection and Wall Street Reform Act, which became U.S. law in July 2010.
In 2010 the Extractives Workgroup began audits to identify smelters which can demonstrate that they do not get their materials from conflict areas associated with the Democratic Republic of Congo or neighboring countries. Apple expects audits for smelters of two of its key materials, tantalum and tin, to be completed by the end of 2011.