Umicore-AESC cathode deal bolsters nascent North American supply chain

Aerial picture of the site location and future construction site of Umicore battery materials gigafactory in Loyalist, Ontario, Canada - taken in September 2023.

Belgium’s Umicore has signed a ten year agreement to supply cathode materials to US battery cell plants owned by China’s Envision AESC, in a deal that will boost Canada’s role in the North American supply chain. Under the agreement, Umicore will provide AESC, bought by Chinese battery producer Envision in 2018, with high-nickel cathode active […]

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