Umicore's Sustainability and Financial Report
CAM Capacity Development
Structural CAM undersupply
2022 2030 NMC pCAM and CAM manufacturing
capacity in EU & N-A insufficient to cover local demand
Supply gap to be only temporarily bridged from Asia:
Local content requirements and geopolitical
independency for regional subsidy schemes.
(US IRA, EU NZIA)
OEM CO2 reduction targets (scope 3)
Need for robust and reliable supply-chains close
to customers
European addressable
CAM market supply & demand
balance (GWh, excl. LFP)
umicore
1049
648
-28%
-73%
331
-38%
238
111
30
2022
2025
2030
North American addressable
CAM market supply & demand
balance (GWh, excl. LFP)
In this undersupply context, Umicore's fully integrated
supply chain and existing / planned CAM manufacturing
footprint in EU and N-A America to play important role in
supporting regional demand of battery and car OEMs
47
=
CAM Cathode Active Material Source: Umicore and third-party consultant analysis
763 735
-43%
-73%
235
-4%
134
13
2022
2025
2030
Expected NMC
battery demand
Announced supply capacity
from CAM producers
Information as published in the framework of the 2022 FY results.
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