How to use Apple Gift Cards on iPhone, iPad, Mac

You can use the balance for iCloud and other Apple subscriptions like Apple TV+, Apple News+, Apple Arcade, Apple Books, and more.

  1. Redeem your gift card in the App Store or the Apple Music app to use for Apple ID purchases.
  2. Use it to buy Apple products, accessories, games, apps and more.
  3. See if Apple Gift Card is available in your country or region.
  4. Should you receive a request for payment using Apple Gift Cards outside of the above, please report it to the Canada Revenue Agency(Opens in a new window).

Your Apple Account balance is an easy way to pay when shopping at or in the App Store. Use it to buy Apple products, accessories, games, apps and more. Adding to your balance is simple — just redeem an Apple Gift Card react native dotenv using environment variables in react native or add money directly. As part of Wallet, your Apple Account balance is a quick, convenient way to pay when shopping at an Apple Store or Use it to buy Apple products, accessories, games, apps, and more.

Buy Apple Gift Card

Apple Gift Cards are solely for the purchase of goods and services from the Apple Store, the Apple Store app,, the App Store, iTunes, Apple Music, Apple TV, Apple Books and other Apple properties. Should you receive a request for payment using Apple Gift Cards outside of the above, please report it to the Canada Revenue Agency(Opens in a new window). Should you receive a request for payment who would have thought that betfair does it better than the bookmakers using Apple Gift Cards outside of the former, please report it at FTC Complaint Assistant(Opens in a new window). To redeem a gift card that someone emailed to you, open the email and tap or click the Redeem Now button. To learn more about what gift cards and Apple Account balance can be used for, read the terms and conditions. Some stores and apps might not be available in your country or region.

Apple Gift Card

In countries and regions where Apple Gift Card is available, you can use your Apple Account balance to buy products and accessories at or in the Apple Store app. In these countries and regions, your Apple Account balance includes the balance from any Apple Gift Cards or App Store & iTunes Gift Cards that you have redeemed. Back in 2020, Apple moved to a universal gift card.

How to check your Apple Account balance

Where the Apple Gift Card is available, you can also use your Apple Account balance to buy products and accessories at or in the Apple Store app. See if Apple Gift Card is available in your country or region. Redeem your gift card for apps, subscriptions, and more.

Adding to your balance is simple — just redeem an Apple Gift Card or add money directly. Products, accessories, apps, games, music, movies, TV shows, iCloud+ and more. Products, accessories, apps, games, music, movies, TV shows, iCloud+, and more.

Find out what’s available in your country or region. Save time by starting your support request online and we’ll connect you to an expert. You can use Apple Gift Card to purchase products or accessories at an Apple Store. Got an Apple Gift Card for the holidays? Whether you have a digital or physical one, we’ll cover how to redeem and use your Apple Gift Cards on iPhone, iPad, Mac, the Apple Store app/online, as well as in-person at an Apple Store.

Use it to shop the App Store, Apple TV, Apple Music, iTunes, Apple Arcade, the Apple Store app,, and the Apple Store. Apple Media Services features might vary by country or region. Find out what features are available in your country or region.

Learn what you can buy with your Apple Gift Card or Apple Account balance. Add money to your Apple Account balance anytime, no gift card needed. It’s fast, secure and easy to do directly from your software engineer vs software developer device. And with the auto-reload feature, you won’t have to worry about your balance running low. Redeem your gift card in the App Store or the Apple Music app to use for Apple ID purchases.

Michael is an editor for 9to5Mac. Since joining in 2016 he has written more than 3,000 articles including breaking news, reviews, and detailed comparisons and tutorials. If you happen to have an old iTunes/App Store Gift Card, you can redeem it with the steps below as well.

SMS Spoofing: The Good, The Bad, & Preventing It VertexSMS

Following the tips above can help you avoid falling victim to an SMS spoofing scam. But staying vigilant and constantly monitoring your messages can be difficult, especially when you’re pressed for time. A spoofing SMS can also be used to carry out romance scams such as catfishing.

When the servers responded, they directed their large responses not to the attacker, but to GitHub, because of the spoofed IP address. This resulted in a huge amount of data flooding GitHub’s servers, causing the website to become temporarily unavailable. Anonymous spoof texting isn’t always about protecting your number, as much as it is about possessing the power and control to determine who you why ethereum might be a good investment in 2021 give your phone number to. One reason that SpoofCard is the #1 company for calling and texting with your number masked is that SpoofCard is secured with 256 bit TLS/SSL to keep your messages safe and secure from hackers and snoopers. Unless you are an iPhone or Android guru, there are limited ways to send text messages without enlisting the help of third-party services such as SpoofCard.

Scammers do it to increase the likelihood that the recipient will answer the call, believing it to be from a local, familiar source. Email spoofing is a technique where the sender forges email header information to make an email appear as if it’s from a legitimate source. For example, it might look like you got an email from PayPal, urging you to review your latest transactions by following a link. There are different types of spoofing attacks, from email spoofing, one of the most widely used, to more technically elaborate ones like DNS spoofing and GPS spoofing. Simply put, spoofing is a deceptive practice where cybercriminals pretend to be trustworthy persons or entities to gain the victim’s trust and unauthorized access to a system and its data. This website is using a security service to protect itself from online attacks.

  1. Spoofing text messages works by altering the sender’s name or phone number so that the message appears to be coming from someone else.
  2. The message may look as though it has originated from a secure brand such as Lloyds Bank or the NHS, when in fact, the sender’s name has just been altered to impersonate them and spoof the receiver.
  3. We recommend to use the Auto SMS Spoof Route, but if you have problems with sending spoof SMS you may change to SMS Spoof Route 1 or SMS Spoof Route 2.
  4. The average person may have heard of spoofing, the simple definition is to trick or hoax someone.
  5. Make sure to double-check the source of the communication when in doubt, and employ all available security measures to stay safe from all sorts of cyberattacks, including spoofing.

The catfisher could fake an SMS from a bank or payment service to look like they’ve transferred money, in the hope the victim falls for the ruse and does what the scammer wants in return. Smishing messages often use spoofed texts, but they can also come from an unknown number. Spoofed text messages always impersonate a person, business, or institution. Another difference is that smishing is only used for nefarious purposes, but SMS number spoofing can be used legitimately or even as a practical joke.

Spoofed text messages are often used in smishing attacks and other scams, so you need to know how to protect yourself. Spoofed text messages are also often used by businesses to “prove” who they are. If your bank sent you an important message from a random number, you’d probably think it was a scam. But when you see your bank’s name on an SMS, you are reassured that it’s a legitimate message. The aim of an ARP spoofing attack is to eavesdrop on network traffic or intercept, modify, or stop the data intended for that IP address. Neighbor spoofing is a tactic where a scammer manipulates the caller ID to display a phone number that appears similar to the recipient’s own phone number, often matching the same local area code and prefix.

Types of spoofing

SMS spoofing is a technology or practice that alters the sender ID on text messages so that the message appears to be coming from a different number or name. SMS spoofing can be used for legitimate purposes, like setting a brand name on marketing texts, or for nefarious purposes, like impersonating trusted people or brands. A spoofing attack is when a person or program poses as another entity by falsifying data to gain an illegitimate advantage. It often involves tricking other people or computers into thinking they’re communicating with a trusted source when they’re not. Spoofed text messages can easily look as though they have been sent by a bank or other official body. Prank your friends with spoof text messages, spoof calls orprank calls.

These two terms are often confused with one another or used as synonyms. Continue reading to learn what exactly is SMS spoofing, how it can be used for business purposes, and find out what you can do to reduce the risk of being exposed to fraud related to it. Finally, beware of texts from unknown parties — either phone numbers you don’t recognize or, worse, lengthy numbers that don’t conform to the standard usual 10-digit domestic phone number convention. Texts from international numbers or automated systems can generate these awkward numbers and they are tell-tale signs that you’re getting something from a spammer and can safely ignore it. We recommend to use the Auto SMS Spoof Route, but if you have problems with sending spoof SMS you may change to SMS Spoof Route 1 or SMS Spoof Route 2.

One of the most common cases when it comes to SMS spoofing is pretending to be a well-known company. In any other case, spoof texting isn’t illegal, and we’ll soon look into some of them. In GPS spoofing, attackers use radio transmitters to broadcast fake GPS signals that override nearby GPS-enabled devices’ original location. A man-in-the-middle attack (MITM) is a type of cyberattack where a hacker secretly intercepts and possibly alters the communication between two parties who believe they are communicating with each other. This way the hacker can eavesdrop on, manipulate, or steal sensitive information being exchanged. Hackers temporarily disrupted GitHub’s service by exploiting a misconfiguration in external memcached servers and overwhelming GitHub with an enormous amount of traffic.

SMS spoofing is changing sender details like a phone number and/or contact name for fraudulent purposes. However, sending a spoof text message is illegal if used for malicious purposes or to commit fraud. Norton 360 for Mobile features a powerful suite of security and private tools to help protect you against malicious links, dangerous websites, and other digital threats that can be hidden inside spoofed texts.

Here are 7 ways you can stand from the competition with your holiday e-commerce strategy this year. But most importantly, stay aware of the bad side of SMS spoofing and the signs that come with it. SMS spoofing is kind of a situation that you think will never happen to you, but the truth is that you can never be sure about this. It can happen when you’re not so alert about such a possibility or too distracted to even notice the signs. Similarly, they can ask you for money directly by impersonating your friends or family members. If you are interested in partnering up with an SMS provider who understands the importance of scam and fraud protection, then try our free trial today.

Phishing attacks try to lure people into clicking a link that installs malware or points to a fake site. While phishing attacks can be sent through a variety of communication vehicles, smishing does this exclusively over text messages. Same as with preventing spoofing calls, you should install an app on your phone to identify and block suspected spam calls. Or check in with your carrier to see if they offer spam call blocking services. And if you don’t recognize a local number, you don’t have to answer it.

ways to identify fake text messages that are likely scams

Then there will be an anonymous number displayed on the phone of the recipient. Spoofing is a standard practice among scammers, but it is easily detected if you know where to look. If you are a victim of an SMS spoofing attack, it is best to contact law enforcement immediately.

Definition of SMS spoofing

Here is everything you need to know to identify fake text messages and avoid falling for scams, fraudulent messages, and other unwanted texting spam. Often, scammers will impersonate bank institutions and top crypto exchange fees to know about text victims about fake cash back transactions. This type of SMS smishing scam generally requests the user to scan a QR code or access the link to claim the cashback or complete another transaction.

If your carrier doesn’t offer such services, consider downloading a reputable third-party app for blocking spam calls. Scammers might use the obtained information in a SIM swapping attack, where the scammer persuades a mobile carrier to transfer the victim’s phone number to a SIM card in the scammer’s control. If successful, a SIM swapping attack enables the criminal to intercept calls and messages intended for the victim, potentially granting access to the victim’s online accounts. Smishing, or SMS phishing, is a type of digital attack during which a scammer uses a fraudulent text message to trick a person and gather sensitive information. Spam has been a part of our digital lives for decades, and many of us are savvy enough to easily detect fake email.

Wanna improve your spoof experience?We also provide spoof calls, spoof emails and spoof WhatsApp!

All it takes is one download, and fraudsters can send text messages from whatever number they choose, using names of well-known companies or even banks. Spoofing and smishing are linked to phishing, a fraudulent attempt to get sensitive information for financial purposes. deploy a flask app using gunicorn to app platform Smishing is also a fraudulent online activity, but it involves downloading a Trojan-type virus via SMS, which is how the relevant information is obtained from the user. In some cases, spoofed messages can be used to steal valuable corporate information.

Cybercriminals might use this spoofed IP address to bypass security measures, gain access to networks, intercept data, or overwhelm servers in a distributed denial-of-service (DDoS) attack. Although recognizing spoof text messages is tricky, there are things that you can do to protect yourself against SMS spoofing. You can’t prevent SMS spoofers from sending fraudulent messages, but what you can do is to be aware of the signs that indicate a possible scam. Sweepstakes, giveaways and prizes are the stock and trade of the modern marketing industry, so just because you get a text that promises free stuff, that doesn’t automatically imply you’ve gotten a fake test.

VA Funding Fee: What It Is and How Much Youll Pay

If the funding fee is 2.3%, that uses up over half of the allowed amount of seller-paid closing costs. Still, it could be a wise choice to have the seller pay this fee for you if you’re short on upfront cash. Thanks to 0% down payments and, according to Birk, the lowest average rates on the market, VA loans are some of the most affordable mortgages available. And with the new funding fee rates, they just became even more affordable.

Veterans using their VA loan benefit for the first time with zero down payment will pay a 2.3% funding fee. The funding fee can be paid upfront along with your closing costs but most home buyers roll it into their loan amount so they don’t have to pay extra at closing. The VA exempts specific borrowers from paying the funding fee on both purchase and refinance loans. The VA funding fee is a one-time cost that many VA loan borrowers must pay when getting a mortgage. The fee is what funds the VA loan program, enabling the Department of Veterans Affairs to offer its guaranty to VA mortgage lenders. This means that if a borrower defaults on a VA loan, the VA will compensate the lender.

The calculation of the VA Funding Fee depends on several factors, including the type of VA loan, whether the borrower has used the VA loan benefit before and whether there’s a down payment. Borrowers with service-connected disabilities and select others might not have to switzerland cryptocurrency pay it at all. For a first-time homebuyer putting zero down on a $500,000 loan, their funding fee would be $10,750 as of April 7, 2023. Our VA funding chart for 2022 specifies what you’ll pay based on how much you put down and whether you’ve used the program before.

VA loans have competitive interest rates and more lenient credit standards than conventional mortgage loans, and they don’t require mortgage insurance. Instead, they require most borrowers to pay a VA funding fee. The fee is a one-time charge that can be paid upfront or rolled into the mortgage, whether it’s for a VA home purchase or a VA refinance.

Note that the Funding Fees on Binance Futures are not a fee paid to Binance, but between traders. It’s a mechanism used to maintain the balance between the prices of cryptocurrencies in the futures and spot markets. In this article, we’ll talk about the fundamentals of the Funding Rates and the impact of its mechanism during periods of high volatility.

  1. Down payment and VA funding fee amounts are expressed as a percentage of total loan amount.
  2. In this scenario, traders holding long positions in perpetual futures contracts will pay Funding Fees to traders holding short positions.
  3. Military borrowers typically pay a one-time VA funding fee to help offset taxpayers’ cost of home loans backed by the U.S.
  4. Funding Round is the periodic event when the Funding Fee is exchanged between traders holding long and short positions.

The Funding Rate determines which traders pay or receive Funding Fees and what percentage of their positions is involved. Regardless of one’s status as a homeowner or home buyer, the VA mortgage program is likely to offer an attractive option for those who qualify. The fee for an Interest Rate Reduction Refinance Loan, or VA IRRRL loan, is 0.5% for both first-time and subsequent use.

Who pays for which closing costs?

Learn about the VA funding fee and other closing costs you may need to pay on your VA-backed or VA direct home loan. You can also have the seller pay the fee as a seller concession. According to VA rules, sellers can pay certain costs on behalf of the buyer, as long as these concessions don’t exceed 4% of the loan. However, certain costs – such as payment of the funding fee – aren’t subject to this limit. If two Veterans contribute entitlement, but one of them is exempt from paying the funding fee, the funding fee on their loan is cut in half.

VA Funding Fee Chart for Cash-Out Refinance Loans

According to Freddie Mac, this is generally from $30 to $70 per month for every $100,000 borrowed. On a 30-year, $300,000 purchase mortgage at 5.7% with 0% down, your monthly payment would be $1,741 for just principal and interest — not taxes, homeowners insurance or anything else. The VA funding fee for a first-time VA borrower would be $6,450 (2.15% of $300,000). The funding fees for a VA cash-out refinance loan are 2.15% for the first use and 3.3% for any subsequent use.

Is there a funding fee for a manufactured home?

Based on the information you have provided, you are eligible to continue your home loan process online with Rocket Mortgage. Moreover, these actions deter traders from taking excessive risk and prompt them to exercise caution with their trades during periods of high volatility.

Her creative talents shine through her contributions to the popular video series «Home Lore» and «The Red Desk,» which were nominated for the prestigious Shorty Awards. In her spare time, Miranda enjoys traveling, actively engages most encrypted messaging apps are vulnerable to side-channel attacks! in the entrepreneurial community, and savors a perfectly brewed cup of coffee. Through the VA mortgage program, veterans, active duty military members, and qualifying surviving spouses have access to a range of loan products.

For example, during the home-buying process, you might have had a pending disability claim that was approved after closing. To find out if you’re eligible for an exemption to the VA funding fee, check your VA loan certificate of eligibility (COE). If you don’t yet have a COE, you can learn how to apply on the VA website. The VA funding fee is also sometimes referred to as VA loan private mortgage insurance (PMI) or VA loan mortgage insurance.

Funding fees for a VA construction loan are equal to those for a VA home purchase loan, ranging from 1.4 to 3.6 percent. The funding fee percentage is based on the loan amount and not the purchase price of the home. Service members and veterans pay 2.3% the first time they use the VA loan program for a cash-out refinance, and 3.6% for subsequent uses. Keep in mind that refinancing from another loan type (for example, an FHA loan) into a VA loan counts as a VA cash-out refinance. With a conventional mortgage, borrowers who put down less than 20% are typically required to pay private mortgage insurance (PMI) each month until they reach 20% equity.

Motivated home sellers can also pay the funding fee as well as some closing costs, including the appraisal, title, and loan origination fees. The total of all costs paid by the seller, including funding fees, cannot exceed 4% of the loan amount in most cases. The VA funding fee differs from PMI because non-exempt borrowers are required to pay something, regardless of their down payment or how much equity they accrue. These costs are also different in that VA borrowers have the option to pay a flat fee rather than taking on higher monthly payments. You won’t get any break regardless of your equity if you’re doing a VA regular refinance or a VA cash-out refinance loan.

The VA itself doesn’t set a minimum credit score to borrow, but many VA lenders require a FICO score of 620 or higher. Some lenders may extend credit to borrowers with lower credit scores, but VA lenders don’t accept subprime credit. The Department of Veterans Affairs administers the VA home loan program. It also backs part of the loan, helping reduce risk to these lenders. Typically those required to pay the VA funding fee choose to finance it into the entire loan amount.

For subsequent VA loan borrowers

Unlike traditional futures contracts, perpetual futures contracts don’t have a set expiration date, which means traders can hold positions indefinitely. Without a proper mechanism to anchor the prices, the contract and spot prices may not align with each other. The VA funding fee is a one-time fee paid to the Department of Veterans Affairs, and it supports the VA home loan program. Veterans who put down less than 5% on their home purchase will pay 2.15% of the loan amount when buying a home for the first time, and they’ll pay a funding fee of 3.3% on subsequent loans. VA borrowers can pay less on the funding fee by putting down more money on the home. The VA funding fee won’t be the only charge you’ll face at closing.

The fee was temporarily increased as part of the Blue Water Navy Vietnam Veterans Act of 2019 in order to help pay for benefits provided to certain Vietnam veterans by the Act. You can request a VA funding fee refund if your disability claim was in process before your loan closed. You’ll need to the links between human error diversity and software diversity contact the VA regional loan center in your area for details on the process. In a nutshell, Funding Rates and Funding Fees play a crucial role in maintaining contract prices in the perpetual futures market. It’s recommended to keep an eye on the Funding Rate, Funding Fee Cap, and Funding Round.

7 Cobalt Stocks to Consider in 2024 The Motley Fool

After selecting a platform, you should create and verify your account. Immediately after you register, the investing service will email you the precise instructions. If you are curious about how to invest in cobalt ETFs, follow our step-by-step guide for a quick and straightforward guide. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

  1. Since 50% of cobalt production is nickel-related and 35% copper-related, cobalt production falls when mining for nickel and copper drops.
  2. Because of its low concentrations in the earth’s crust (0.002%), it isn’t found as a native metal.
  3. Most of DRC’s cobalt mines and operations are poorly managed and dangerous, and these human rights groups believe that end-users should source their metal elsewhere.
  4. Additionally, Glencore has not generated the same lofty profit margins as peers such as BHP and Vale over the past decade.
  5. The ProShares S&P Global Core Battery Metals ETF is a relatively new fund that started trading in late 2022.
  6. Conveniently, cobalt is usually a byproduct of mining for other renewable energy-related metals, like copper.

Typically futures trading is done by more sophisticated investors. This brief guide covers supply, demand and different investing options for this battery metal. As with all commodities, you can also invest indirectly in cobalt by investing in companies and industries that use it. While individual equities are considered a speculative elon musk sends bitcoin soaring 20pc asset class, they’re typically far more stable than direct investment in a futures or options contract. Whereas electric-powered products are more eco-friendly than gas or coal-powered ones, some have speculated whether cobalt mining can is sustainable. Much energy is needed to dig into Earth’s crust to obtain the metal.

This stock is not mentioned as a recommendation — on the contrary. As a development company and a penny stock, Cobalt Blue is a very risky investment with success contingent on the company getting its mining operations online. Nevertheless, if its mine does begin operations, Cobalt Blue is worth keeping an eye on as a potential leader in cobalt production. In 2019, Freeport-McMoRan reached an agreement to sell part of its cobalt venture for $200 million.

In recent years, purchase orders for this metal have skyrocketed as companies push to build next-generation batteries and devices, including electric vehicles. With governments taking climate change increasingly seriously, demand for these devices will only grow. In particular, since cobalt is an essential element in lithium-ion batteries, this has pushed the price significantly up. Producers and their shareholders have made some real money off of this blue gold rush. Good ways to invest in cobalt stocks can involve buying into the producers of the metal.

Because of that, these human rights groups believe that cobalt end users should be sourcing the metal elsewhere. We do not manage client funds or hold custody of assets, we help users connect with relevant financial advisors. Funds may directly invest in mining, such as the Vanguard Materials ETF. They may also invest in technology companies that rely on cobalt, particularly those oriented around batteries and next-generation energy. One way to do this is through futures contracts, which allow you to literally purchase quantities of cobalt metal. You can also buy options contracts around cobalt futures, letting you invest in the future value of cobalt as a metal.

It’s a tiny fund with minimal assets under management, making it very risky. However, it’s the first ETF to only invest in companies mining metals for batteries. It’s most heavily weighted towards specialty chemicals (25.7% of the fund’s holdings) and industrial gases (20.3%). However, it offers exposure to copper producers (5%), which also tend to produce cobalt.

These technologies are central to emerging green technology such as electric cars and wind farms, increasing the demand for this metal. However,  directly investing in any commodity always brings significant risk. Futures contracts in particular can be unpredictable assets, in which retail investors often take losses. The Democratic Republic of the Congo has the world’s largest cobalt supply, holding half of it. The country supplied approximately 70 percent of the world’s cobalt last year, according to ABC. With companies relying on cobalt to build eco-friendly products, demand for the element has increased exponentially.

While DRC and China play significant roles in the production and refinement of cobalt, there are notable issues. Due to power outages, water shortages, and political and economic instability, DRC can be inconsistent with production. There are also some significant problems, most of which have to do with the production of cobalt. These companies make the building blocks of everything we use and consume.

Why You May Want to Avoid Investing in Cobalt

Most DRC cobalt comes from an area known as the Central African Copper Belt, which accounts for nearly half of cobalt output in the DRC. The country also holds nearly half of global cobalt reserves, cementing its dominance. Given those factors, many investors are now wondering how to invest in cobalt.

Investing in cobalt is a strategy that involves purchasing cobalt assets or stocks in companies that mine or use cobalt. Cobalt is a critical element in the production of lithium-ion batteries, which are used in a wide range of applications, including electric vehicles and mobile devices. Particularly due to rising demand for lithium-ion batteries in electronic devices and electric cars, cobalt prices have been steadily rising during the COVID-19 pandemic. Investing in cobalt stocks is worth considering for investors wanting to bet on increased use of battery technology and renewable energy. Amplify’s offering has a diverse list of stocks involved in the development of lithium-ion battery technology and manufacturing. It also holds metal mining and production stocks that provide the raw materials used in making batteries.

Related investing topics

Cobalt production has been a promising investment in recent years. However, like any other commodity, cobalt prices can be highly volatile. Additionally, since cobalt is a byproduct, there aren’t really any pure-play cobalt stocks within the metal mining industry. The biggest advantage to investing in cobalt right now is its surge in demand.

Could the Silver Price Really Hit US$100 per Ounce? (Updated

Battery recycling plants could mitigate some of these import costs, but their overall impact on the cobalt import bill will be minimal. Cobalt surpluses will keep the cost of the key metal below record highs though, how to buy smooth love potion experts predict. Several advisors are still bullish on the metal, even if it hasn’t recovered the prices it reached in 2018. It’s also very challenging to tell which cobalt companies will lead the market.

You can also invest in companies that use cobalt heavily in their products, such as electric car battery manufacturers. This is a way of investing against the price of cobalt, as those firms will typically do better when the commodity is cheaper. “Looking at the full fiscal year 2023, we achieved revenue of $590 million with company record revenue shift in the aerospace and industrial gas turbine markets.

Civil unrest and political instability have the potential to affect supply chains, and there is no guarantee of the security of cobalt operators. Cobalt mining is also rife with conditions that may violate human rights. While most of the world’s cobalt supply is derived from DRC, China plays a huge part in its refinement.

The company retains partial ownership of the cobalt refining business. Like some other global mining companies, Freeport-McMoRan has historically generated how to buy bitcoin in the uk very high operating profits from its mining assets. The Amplify Lithium & Battery Technology ETF also isn’t a direct investment in cobalt.

Today’s cobalt is produced in around a dozen countries around the world. As mentioned, most of the world’s cobalt reserves are located in the Democratic Republic of Congo (DRC). Known as a DRC copper belt, this region holds nearly half of the globe’s cobalt reserves. It consistently generates some of the best operating profit margins in the mining industry.