Another KAT long term customer - Samsung SDI through Umicorehttps://www.umicore.com/en/media/press/umicore-and-glencore-develop-partnership-for-sustainable-cobalt-supply-in-battery-materials-
https://www.amegroup.com/Website/Industryforecast/DailyBriefingDetail.aspx?newsId=149090&newsCommodityName=Cobalt&imageUrl=~/Resources/Image/Banner/Industryforecast/DailyBriefing/cobalt%20image%20daily%20briefing.jpg
Umicore has signed a multi-year strategic agreement with Samsung SDI for the supply of close to 80,000 metric tonnes of high-performance NMC (Nickel Manganese Cobalt) cathode materials starting in 2020.
The cathode materials will be supplied from Umicore plants in different regions with the majority of volumes initially produced in Korea.
The majority of the volumes are intended for automotive applications and a smaller part for energy storage systems.
The agreement provides Samsung SDI security of supply to accomodate their fast-growing lithium-ion battery business in Europe and Asia.
Brussels-based Umicore is a global materials technology and recycling group.