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Umicore secures EIB funding to develop European lithium-ion battery cathode plant

Mon, 06/15/2020 - 10:09 -- Paul Crompton

Materials technology firm Umicore has finalised a €125 million ($141 million) loan agreement with the European Investment Bank (EIB) as it looks to develop a lithium-ion battery cathode plant in Europe.

The proceeds of the loan, which has a maturity of eight years, will finance part of the Belgium firm’s investment in the cathode materials plant in Nysa. 

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Lead refinery closed after fire at Umicore’s Belgium plant

Wed, 03/04/2020 - 09:58 -- Paul Crompton

Materials and recycling firm Umicore’s lead refinery plant in Hoboken, Belgium, has been shut down after a fire on 2 March— the third such incident at the plant within 30 months.

An investigation has been initiated to identify the cause of the fire, which began at 18:30 CET when the plant was closed for maintenance.

A Umicore statement read that while it was too soon to assess the scale of the damage to the impacted installation, the rest of the Hoboken plant remained in operation. 

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Audi and Umicore to recover cobalt and nickel from lithium-ion batteries as they continue to pursue closed loop goal

Mon, 01/06/2020 - 10:24 -- Paul Crompton

Vehicle OEM Audi and recyclers Umicore have recovered 90% of the cobalt and nickel from the German car maker’s e-tron battery packs during the test phase of their strategic research project. 

Audi and the Belgian materials technology and recycling firm will now enter the next phase of the plan to cooperate on a closed loop for cobalt and nickel materials. 

The recovered materials will be used in new battery cells.

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Umicore secures latest deals to ensure access to battery materials market

Wed, 12/04/2019 - 14:00 -- Paul Crompton

Belgium multinational Umicore’s path to securing a raw and recycled lithium-ion battery materials supply chain saw two deals struck in as many weeks.

In a long line of deals in the past year, Umicore confirmed on 2 December it had completed the acquisition of the cobalt refining and cathode precursor activities in Kokkola, Finland.

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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. 

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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. 

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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.

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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.

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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”.

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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.

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