In its latest European move, Umicore agrees to purchase Freeport Cobalt’s refining and precursor operations for $150 million at its operation in Kokkola Finland
The end of May saw Umicore announce that it would purchase Freeport Cobalt’s refining and precursor operations in Kokkola, Finland. The $150 million deal has to go through regulatory approvals but is expected to be finalised at the end of the year.
The deal will see Umicore take on the refinery and battery precursor operations, including coarse cobalt powders, from Freeport Cobalt while the cobalt fine powders, ceramics, pigments, chemicals and catalysts activities will . . .