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| Name | Symbol | Market | Type |
|---|---|---|---|
| Umicore SA (PK) | USOTC:UMICY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.06 | -2.40% | 2.44 | 2.30 | 2.56 | 2.475 | 2.43 | 2.43 | 63,761 | 21:00:02 |
From Mar 2022 to Mar 2025
By Christian Moess Laursen
Umicore SA said Monday that it plans to add manganese-rich cathode active materials technology to its portfolio of battery materials for electric vehicles, with commercial production targeted in 2026.
The Brussels-based materials-technology company--which already produces cathodes that combine nickel, manganese and cobalt--said it has entered product-development programs with car and cell manufacturers for its new chemistry.
Manganese is a chemical element that can be used to stabilize the cathodes of certain lithium-ion batteries. Compared with lithium-iron-phosphate batteries--known as LFP--, manganese-rich--or HLM--battery materials offer better costs and recyclability, longer driving ranges, and more reliable monitoring with an equivalent safety profile, Umicore said.
Umicore said it expects to produce manganese-rich battery materials at its plants in South Korea and Poland, as well as at its planned facility in Canada.
Write to Christian Moess Laursen at christian.moess@wsj.com
(END) Dow Jones Newswires
February 13, 2023 05:32 ET (10:32 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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