Umicore

  • COBCO and Umicore Partner to Supply Low-Carbon Battery Materials for Electric Vehicles

    BY Lara Browne
    COBCO, a battery materials joint venture between AL MADA and CNGR Advanced Materials, has signed a long-term agreement to supply precursor cathode active materials (pCAM) to Umicore, a global leader in circular materials technology. The deal will see COBCO deliver nickel-cobalt-manganese (NCM) pCAM from its newly commissioned production facility in Jorf Lasfar, Morocco, to support...
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  • Umicore to Cut $1.51 Billion in Capital Expenditure Amid Slower EV Growth

    BY Lara Browne
    Belgian metals recycling company Umicore announced plans to reduce its capital expenditure by €1.4 billion ($1.51 billion) between 2025 and 2028, bringing total investments down to €1.6 billion. The company’s battery cathode materials division will bear the brunt of these cuts, with €800 million slashed from its budget due to weaker-than-expected electric vehicle (EV) sales...
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  • Umicore Reports 22% Decline in 2024 EBITDA Amid Challenges in Battery Materials and Recycling

    BY Sophia Schmitz
    Belgian recycling and smelting company Umicore reported a 22% drop in adjusted EBITDA for 2024, reaching 763 million euros. While the catalysts segment remained profitable, the battery materials business saw a significant downturn, and recycling profits also declined. The company forecasts its 2025 EBITDA to be between 720 million and 780 million euros, with catalysts...
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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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  • Heraeus Precious Metals Acquires Umicore’s Platinum API Business Outside South America

    BY John Davis
    Heraeus Precious Metals has completed the acquisition of Umicore’s Platinum Active Pharmaceutical Ingredient (API) business outside of South America. The move bolsters Heraeus’s position in the platinum API sector, enhancing its product offerings while maintaining a commitment to competitive pricing and high-quality standards. Effective immediately, the business will be integrated into Heraeus Precious Metals, the...
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