Critical Materials & Supply Chain▲
Umicore upgrades full-year 2026 guidance after strong first-half earnings
Umicore has raised its full-year 2026 adjusted EBITDA guidance to slightly above €1 billion following a strong first half. Revenues excluding metals reached €1.9 billion, up 7.1% year-on-year, while adjusted EBITDA rose 33.5% to €577 million and adjusted net profit more than doubled to €273 million. The company cited higher activity levels, efficiency gains, and a favorable metal price environment as key drivers. Capital expenditures were €130 million, and free operating cash flow stood at €295 million, with net debt at €1.5 billion. CEO Bart Sap said the results reflect disciplined execution of the CORE mid-term plan and that the company enters the second half with confidence despite macroeconomic uncertainties.
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Goldman Sachs Group's Umicore stake falls below 3% threshold
The Goldman Sachs Group, Inc. has notified Umicore that its combined direct voting rights and equivalent financial instruments fell below the statutory 3% threshold on 22 July 2026, reaching 2.76%. The notification, dated 28 July 2026, shows direct voting rights of 1.51% and equivalent financial instruments of 1.25%. The denominator used is 246,400,000 shares. The reason given is the acquisition or disposal of financial instruments treated as voting rights, causing the holding to drop below the lowest threshold.
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Amundi SA crosses 3% direct voting rights threshold in Umicore
Amundi SA has crossed the 3% threshold for direct voting rights in Umicore, triggering a transparency notification. The crossing occurred on 16 July 2026, with Amundi SA's total holding of direct voting rights and equivalent financial instruments reaching 3.11% as of that date. The notification was made on 20 July 2026, citing acquisition or disposal of voting securities or voting rights as the reason. The denominator for the calculation is 246,400,000 shares.
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Goldman Sachs franchit à la hausse le seuil de 3 % des droits de vote d'Umicore
The Goldman Sachs Group a franchi à la hausse le seuil légal de 3 % des droits de vote directs et instruments financiers équivalents d'Umicore le 29 juin 2026, pour atteindre une détention totale de 3,05 %. La notification, reçue le 3 juillet 2026, fait état de 1,86 % de droits de vote directs et de 1,19 % d'instruments financiers assimilés, sur un dénominateur de 246 400 000. Ce franchissement résulte de l'acquisition ou de la cession d'instruments financiers considérés comme des titres de vote.
Critical Materials & Supply Chain▲
Silver-based brazing alloys market to reach $3.8 billion by 2030
The global silver-based brazing alloys market is projected to grow from $2.98 billion in 2026 to $3.8 billion by 2030, at a compound annual growth rate of 6.3%, according to a new report from ResearchAndMarkets.com. The market had already risen from $2.8 billion in 2025 to $2.98 billion in 2026, a 6.6% increase, driven by demand from the automotive sector, electrical equipment, aerospace, household appliances, and infrastructure. Escalating vehicle production, including the shift to electric vehicles, and expansion of automotive maintenance and repair services are key growth factors. North America led the market in 2025, but Asia-Pacific is expected to see the fastest growth. Major players include Compagnie de Saint-Gobain, Linde, Sumitomo Electric Industries, Umicore, and voestalpine.
Electrification & Mobility▲
JPMorgan Chase raises Umicore stake to 3.91%
JPMorgan Chase has increased its total holding in Umicore SA to 3.91%, crossing the 3% direct voting-rights threshold on June 19. The disclosure shows 3.33% in direct voting rights and 0.58% in equivalent financial instruments. Umicore listed 246.4 million shares as the denominator for the filing. The company's Battery Recycling Solutions business recovers more than 95% of cobalt, copper, and nickel, and more than 90% of lithium from end-of-life batteries and production scrap.
Bank of America crosses 3% threshold in Umicore financial instruments
Bank of America Corporation has crossed the 3% legal threshold for equivalent financial instruments in Umicore, moving upwards on 15 June 2026 and then downwards on 16 June 2026. The total holding of direct voting rights and equivalent financial instruments stood at 3.02% on 16 June 2026, comprising 0.04% direct voting rights and 2.98% equivalent financial instruments. The threshold was first crossed upwards on 15 June 2026, when the total reached 3.05%, before falling back to 3.02% the following day. Umicore was notified of the changes on 17 and 18 June 2026 respectively, with the denominator for the notifications being 246,400,000 shares.
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