|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||9.16 - 9.31|
|52-week range||9.09 - 17.71|
|Beta (5Y monthly)||1.16|
|PE ratio (TTM)||17.97|
|Forward dividend & yield||0.22 (2.40%)|
|Ex-dividend date||26 Aug 2021|
|1y target est||N/A|
LONDON (Reuters) -Mining and trading company Glencore and other miners are joining forces with battery material supplier Umicore to make the cobalt used in electric cars traceable using blockchain technology, they said in a statement. Miners and carmakers, under pressure to show electric vehicle batteries are sourced responsibly, are exploring the usefulness of blockchain - a digital platform for recording and verifying transactions that is shared across a network of computers - to improve scrutiny of supply chains and show sourcing does not rely on conflict minerals or child labour.
(Reuters) -Belgian materials technology and recycling group Umicore beat full-year guidance expectations on Thursday, spurred by high precious metal prices and strong demand, sending its shares 7% higher. The group sees adjusted earnings before interest and tax (EBIT) for the year approaching 1 billion euros ($1.2 billion), significantly higher than expected for 2021 and reported last year. "We're in very good shape to sustain these levels of margins and profitability for awhile," Umicore's Chief Executive, Marc Grynberg said on a call with analysts.
The maker of catalytic converters and battery materials for carmakers said volume growth in its battery materials segment in 2021 should "more than offset" the overcapacity and pricing pressures that weighed on it last year. Chief Executive Marc Grynberg told analysts Umicore was well positioned to benefit from Europe's electric vehicle push.