If you need to know about batteries; you’ve come to the right place Chinese flag 点击这里访问我们的中文网站 Chinese flag

umicore

Umicore sign deal to supply 80,000 tonnes of lithium-ion cathode materials to Samsung

Wed, 11/06/2019 - 14:14 -- Paul Crompton

Battery materials firm Umicore will begin supplying Samsung SDI with around 80,000 metric tonnes of NMC (Nickel Manganese Cobalt) lithium-ion cathode materials next year after signing a multi-year strategic agreement. 

The majority of the cathode materials will initially be produced in Korea, with additional volumes supplied from Umicore plants in different regions. 

The full story is only available in our FREE weekly industry newsletter, so sign-up to get it delivered to your inbox every Monday.

Umicore signs deal to supply 125,000mt of lithium-ion cathode materials to LG Chem

Thu, 09/26/2019 - 12:24 -- Paul Crompton

Umicore will begin delivering cathode materials for nickel manganese cobalt (NMC) lithium-ion batteries to LG Chem next year after signing a multi-year strategic supply agreement.

The agreement is for a total volume of 125,000 metric tonnes to be delivered over ‘several years’ out of Umicore plants in Poland, Korea and China. 

The full story is only available in our FREE weekly industry newsletter, so sign-up to get it delivered to your inbox every Monday.

Umicore tightens cobalt supply grip with Glencore deal

Wed, 05/29/2019 - 10:28 -- John Shepherd
Umicore tightens cobalt supply grip with Glencore deal

Swiss mining company Glencore has signed a deal to supply cobalt hydroxide for Umicore’s battery materials operations.

The long-term revolving agreement comes just days after Umicore announced it was expanding with its planned acquisition of Freeport Cobalt’s cobalt refining and cathode precursor activities in Finland.

The full story is only available in our FREE weekly industry newsletter, so sign-up to get it delivered to your inbox every Monday.

Umicore expands battery materials business with cobalt deal

Fri, 05/24/2019 - 10:45 -- John Shepherd
Umicore expands battery materials business with cobalt deal

Belgium’s Umicore is to acquire Freeport Cobalt’s cobalt refining and cathode precursor activities in Finland as an “important step” toward expanding the company’s battery materials business.

The deal, which is expected to be finalised by the end of 2019, is for a total consideration of US$150 million on a debt and cash free basis, plus the value of the working capital to be taken over at closing, which at the end of March was approximately $40m.

The full story is only available in our FREE weekly industry newsletter, so sign-up to get it delivered to your inbox every Monday.

VW and Northvolt in driving seat for new battery research group

Fri, 03/22/2019 - 13:22 -- John Shepherd
VW and Northvolt in driving seat for new battery research group

Volkswagen has formed a European batteries research consortium with Swedish lithium-ion start-up Northvolt.

The German carmaker said the newly-formed European Battery Union (EBU) would work with research and industry partners in seven European Union member states to cover “the entire battery value stream – from raw materials through cell technology to recycling”.

The full story is only available in our FREE weekly industry newsletter, so sign-up to get it delivered to your inbox every Monday.

Audi and Umicore open up on closed loop

Mon, 11/05/2018 - 00:00 -- Hugh Finzel

German car manufacturer Audi and Belgium-based material tech giant Umicore have announced the successful completion of phase one testing for closed loop EV battery recycling, reporting that “95% of valuable battery materials can be recycled”.

The cooperation— which began in June 2018— is looking to establish closed loop recycling for lithium-ion batteries, as companies wake up to the challenges of producing lithium-ion batteries without effective recycling processes in place.

The full story is only available in our FREE weekly industry newsletter, so sign-up to get it delivered to your inbox every Monday.

BMW, Northvolt and Umicore join forces for cells recycling

Mon, 10/22/2018 - 00:00 -- Hugh Finzel

The BMW Group has formed a joint technology consortium with Swedish lithium-ion start-up Northvolt and Belgium-based materials tech giant Umicore, to develop a “complete and sustainable value chain for battery cells for EVs in Europe”.

This announcement comes just weeks after BMW placed a “billion euro” order for EV batteries from China, saying that they “can’t wait” for Europe to build a battery cells industry.

The consortium’s main aim is to establish a closed life cycle loop for batteries to make battery cells sustainable. The partners said this would be achieved by creating a recyclable cell design and manufacturing process that uses mostly renewable energy.

The full story is only available in our FREE weekly industry newsletter, so sign-up to get it delivered to your inbox every Monday.

Umicore selects Poland for cathode material plant

Tue, 06/12/2018 - 09:32 -- John Shepherd
Umicore selects Poland for cathode material plant

Belgium-based materials technology giant Umicore is to build a cathode materials production plant in Poland.

Umicore said it would invest EUR660 million ($781m) in launching the first phase of the plant at Nysa, in the southwest of the country, which is expected to start up in late 2020.

The full story is only available in our FREE weekly industry newsletter, so sign-up to get it delivered to your inbox every Monday.

Umicore eyes expansion after shares sale

Mon, 02/12/2018 - 10:23 -- John Shepherd
Umicore eyes expansion after shares sale

Belgium’s Umicore has raised nearly EUR900 million ($1.1 billion) in a shares sale to fund potential future acquisitions and boost investments in cathode materials.

The Brussels-based global materials technology and recycling firm sold 10% of its shares in a block trade on 8 February.

 

The full story is only available in our FREE weekly industry newsletter, so sign-up to get it delivered to your inbox every Monday.

Umicore starts work on China materials plant

Mon, 01/08/2018 - 10:19 -- Xuan Zhong
Umicore starts work on China materials plant

Belgium-based Umicore has broken ground in China for a new battery materials plant as part of a EUR360 million ($434m) expansion programme.

Umicore said the new plant in in Jiangmen, Guangdong Province, would produce NMC (nickel-manganese-cobalt) cathode materials for rechargeable lithium-ion batteries to meet increasing demand for the electric vehicle market.

 
The full story is only available in our FREE weekly industry newsletter, so sign-up to get it delivered to your inbox every Monday.

Pages

Subscribe to umicore