In 2023 we posted a strong performance in a challenging market environment and made significant strides in the execution of our growth strategy in all three major activities, while again reaching the original financial target of our Horizon 2023 strategic plan. We signed multi-year agreements with leading EV battery producers and concluded long-term supply partnerships for sustainable cobalt.

We commissioned our new Process competence center in Belgium and a fuel cell plant in Korea, and acquired the Kokkola cobalt refinery in Finland. We contributed to the creation of a sustainable and innovative battery value chain for EVs in Europe and were instrumental in the clear sustainability principles for the rechargeable battery industry issued by the Global Battery Alliance. Technology innovation and our ongoing growth investments promise further value creation.

For Umicore’s response to COVID-19 click here