Umicore : More trouble ahead for Umicore in Battery Materials?
>ACC delays construction of two EV battery plants - Yesterday, ACC, the EV battery manufacturer owned by Mercedes, Stellantis and Total Energies, indicated that it has halted construction of its Kaiserslautern (Germany) and Termoli (Italy) plants and that it may revise its overall strategy, including moving production to LFP instead of high nickel manganese chemistries. Reasons: higher costs and a slowing adoption of EVs in Europe. Although there were already rumours ...Umicore is global player in the materials technology and recycling industries. Co. focuses on application areas such as chemistry, materials science, metallurgy and recycling. Co.'s business model comprises four segments: Catalysis, Performance Materials, Energy Materials and Recycling. Catalysis focuses on the abatement of global automotive emissions; Performance Materials focuses on materials that help develop more sophisticated and safer products; Energy Materials produces materials used in the production and storage of clean energy including rechargeable batteries and photovoltaics; and Recycling treats complex waste streams containing precious and other non-ferrous metals.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.