Against the backdrop of a sharp slowdown in the growth of demand for EVs impacting the entire supply chain, customers’ demand projections for Umicore’s battery materials have steeply declined in recent weeks.
This spring, an average lead value of 2.70 micrograms per deciliter (µg/dl) was measured in the study area. This is a sharp decrease compared to the fall 2023 survey (3.45 µg/dl).
On the proposal of the newly appointed CEO Bart Sap, Umicore has nominated Jensen Verhelle as Executive Vice President of the Catalysis Business Group and member of the Management Board, effective May 16th, 2024.
Umicore announces the appointment of Bart Sap as Chief Executive Officer, effective May 16th. He will succeed Mathias Miedreich who has decided to step down, in mutual agreement with the Supervisory Board.
Umicore and STL, subsidiary of Gécamines, have signed an exclusive, long-term partnership agreement whereby Umicore will support STL to valorize germanium from the Big Hill tailings site in Lubumbashi, DRC.
Umicore has signed a second 10-year power purchase agreement (PPA) with Gasum to source renewable electricity for its site in Kokkola, Finland, where Umicore refines cobalt and produces precursor cathode active materials for electric vehicle…
Based on performance to date, and current market visibility and metal prices, Umicore confirms that it anticipates Group’s adjusted EBITDA for the full year 2024 to be in the range of € 900 million to € 950 million, as announced in the full-year…
Umicore has successfully completed the issue of a fixed-rate, sustainability-linked US Private Placement Notes for a total amount of € 499 million equivalent which was priced end of March 2024.