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Umicore shares up as Canada offers subsidies for battery plant in Ontario

Staff Writer | October 17, 2023 | 10:54 am Battery Metals Markets Canada Europe 

Shares in Umicore (EBR: UMI) rallied on Tuesday after the Canadian and Ontario governments pledged to grant the battery maker C$975 million ($715 million) to support its cathode materials factory in Loyalist Township. The plant will cost up to C$2.7...

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