Delays in EV, energy-storage markets reduces demand for cobalt-containing cathodes – Umicore

By IM Staff
Published: Wednesday, 24 April 2019

Umicore says its previous projections for cathode materials sales will be achieved with a delay of up to 18 months.

By Ewa Manthey

Negative pressure arising from delays in the electric vehicle (EV) and energy storage markets have reduced the demand for Umicore’s cobalt cathodes materials, Umicore chief executive officer Marc Grynberg said during a conference call on Tuesday April 23. 

The previous projections of 100,000 tonnes of...

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