Umicore has signed separate five-year, renewable lithium supply agreements with two companies, Ganfeng Lithium of Jiangxi, China, and Vulcan Energy Resources of Karlsruhe, Germany. Both are integral to its cathode business and to its own environmental commitment.

The agreement with Ganfeng Lithium will come into effect in 2022 and will cover a significant part of Umicore’s future lithium requirements in Asia. The lithium is mined from hard-rock deposits in Australia under strict sustainability standards.