EV

  • Indonesia Battery Corporation Plans EV Battery Recycling Plant by 2031

    BY Lara Browne
    Indonesia Battery Corporation (IBC) has announced plans to develop a nickel-based electric vehicle (EV) battery recycling plant by 2031. The initiative, revealed by IBC President Director Toto Nugroho, aims to recycle more than 99% of battery components, supporting the long-term sustainability of Indonesia’s nickel industry. “The nickel used in car batteries can be recycled and...
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  • Umicore Faces Challenging 2024 Amid EV Slowdown and Market Pressures

    BY Lars Jensen
    Umicore experienced a difficult 2024, with its performance affected by weaker demand for electric vehicles, declining metal prices, and economic challenges in the European industrial sector. Despite these pressures, the company’s core businesses remained stable, and efficiency measures helped mitigate some financial difficulties. Group revenues for 2024 were €3.5 billion, down from €3.9 billion in...
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