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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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