Eco&Dream Supplies Cathode Material Precursors to Yumicoa

Global materials technology company Umicore announced on the 28th that it has signed supply contracts for cathode active material precursors (pCAM), a key component of electric vehicle batteries, with South Korea's Eco&Dream and China's CNGR. Umicore plans to receive precursors from both companies and supply them to customers in North America and Asia.

Umicore stated, "As part of our supply chain diversification strategy, we have signed mid- to long-term supply contracts with Eco&Dream and CNGR," adding, "This will complement the volumes of cathode active material precursors produced in-house by the Umicore Group in Finland (20,000 tons per year) and China (80,000 tons per year)." Specific supply volumes were not disclosed.

Meanwhile, Eco&Dream recently completed a precursor plant in Saemangeum near Cheongju, where it already has existing production facilities. The Saemangeum plant has an annual production capacity of 30,000 tons. CNGR established a joint venture, COBCO, with Morocco's private investment fund AL MADA and recently started operating its first cathode active material precursor production line at the Jorf Lasfar industrial port in Morocco.

Umicore is expected to begin receiving supply volumes from early 2026.

This content was produced with the assistance of AI translation services.