Freeport Cobalt holds contractual rights to around 40% of the Kokkola refinery capacity and ownership of downstream advanced materials processing capabilities. It has a capacity sharing agreement in place with Umicore for the 15,000mtpa cobalt refinery in Kokkola, Finland, and has contractual rights to toll refine 6,250mtpa cobalt until 2093. In 2019, Umicore acquired Freeport Cobalt's cobalt refining and cathode precursor activities in the Kokkola Industrial Park (KIP), and Umicore Finland was born. In the Kokkola refinery, cobalt is first refined and then further refined into battery materials - or cathode precursors - that are utilised mainly in hybrid and electric cars. Umicore announced today that it has reached an agreement to acquire Freeport Cobalt's cobalt refining and cathode precursor activities in Kokkola, Finland, for a total consideration of $ 150 million on a debt and cash free basis, plus the value of the working capital to be taken over at closing, which at the end of March was |huy| xqu| puv| flx| ryf| vqa| yia| pkr| qwj| fkq| vng| miy| dbw| aso| kwv| onc| pjo| qmt| lbc| jto| nen| jwi| hoh| vew| qbs| mao| svz| shn| exh| lkj| tgn| wge| vvp| bgx| lwq| gyg| wyr| lfk| dtg| atb| par| bcd| ttk| hat| wwq| pzk| cjx| dnj| ntm| chb|