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Posted by
Two Blokes Jun 26 -
Filed in
Stock
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2 views
Umicore is transitioning from its declining Catalysis segment to focus on Battery Materials, betting on EV and battery market growth despite recent setbacks. Management has reduced Battery Materials CapEx, secured take-or-pay contracts through 2028, and is open to partnerships or divestitures to maximize value. My valuation, based on management's guidance and conservative long-term assumptions, yields a price target of €18, making the current price attractive.
