• 11/10/2024

Umicore Cuts Guidance on Slower EV Demand

Wall Street Journal

Umicore now expects 2024 earnings for its battery business to be around break-even, with volumes to be equal or slightly lower than last year, while group profit forecasts were also cut back.

https://www.wsj.com/articles/umicore-slashes-2024-guidance-as-slower-ev-demand-hits-battery-materials-business-449b82fc