Umicore posted higher earnings for 2025, driven by robust performance in its precious‑metals and battery‑materials recycling businesses. The company emphasized that a proactive hedging program shielded profit margins from sharp precious‑metal price swings. Revenue growth was underpinned by expanding volumes of recycled cathode material as electric‑vehicle demand surged. The stronger bottom line enabled an increase in dividend payout and reinforced Umicore’s cash‑flow position.
Indonesia has intensified its crackdown on low‑grade nickel‑bearing materials, effectively limiting exports of raw nickel ore. The move forces domestic processors to shift toward higher‑value downstream products and encourages steelmakers to source more recycled stainless steel. As a result, demand...