Umicore invests €450M in Hoboken recycling, cuts 350 jobs globally

Umicore announced a €450 million investment to expand its Hoboken recycling plant, adding cobalt to its list of 18 recovered metals and boosting capacity for antimony and tin. Concurrently, the company will cut 350 jobs worldwide, signaling a strategic shift toward high-value recycling operations. The move underscores the growing importance of critical metal recycling for supply chains, though the job cuts may raise concerns about operational restructuring.

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