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Umicore acquires Freeport's Kokkola refinery

Umicore has agreed to acquire Freeport-McMoRan’s Kokkola cobalt refinery and cathode operations in Finland for US$150 million to expand its battery materials exposure.

Umicore acquires Freeport's Kokkola refinery Umicore acquires Freeport's Kokkola refinery Umicore acquires Freeport's Kokkola refinery Umicore acquires Freeport's Kokkola refinery Umicore acquires Freeport's Kokkola refinery

Umicore is buying Freeport Cobalt’s Kokkola cobalt refinery and cathode precursor production operations in Finland

Umicore is funding the deal with existing credit facilities and expects it to be finalised by the end of 2019, subject to regulatory approvals.