Umicore Mining News

Boom in EV batteries helps suppliers older than Ford’s Model T

Brazil's Vale expects the EV revolution to boost battery market nickel demand to as much as 700,000 tons in 2025, from just 36,000 tons this year.

Growth in catalysts, recycling to boost Umicore earnings

Belgian group Umicore (UMI.BR: Quote) forecast improved earnings this year due to strong demand for its automotive catalysts and improved supply for its precious metal recycling business. The metals and speciality materials maker said on Tuesday it expected 2011 operating profit (recurring earnings before interest and tax) to rise to 400-425 million euros ($559-$594 million) from 342 million last year.