Umicore SA (OTCPK:UMICY)

$ 2.62 0.01 (0.38%) Market Cap: 2.51 Bil Enterprise Value: 3.94 Bil PE Ratio: 0 PB Ratio: 1.19 GF Score: 69/100

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Umicore SA to Discuss Partnership with LG Chem for the Supply of NMC Cathode Materials Call Transcript

Sep 24, 2019 / 07:00AM GMT

Release Date Price: $9.59 (+5.38%)

Transcript

Operator

Ladies and gentlemen, thank you for standing by and welcome to the Umicore announcement of the partnership with LG Chem Conference Call. (Operator Instructions) I must advise you that this conference is being recorded today, Tuesday, the 24th of September 2019. I would now like to hand the conference over to our speaker today, CEO, Marc Grynberg. Thank you. Please go ahead, sir.

Marc Grynberg

Umicore SA - CEO & Executive Director

Thank you. Good morning, everyone, and welcome to this conference call. As you know, Umicore has a tradition not to disclose customer names or actually any details about the commercial contracts. In a limited number of cases, though, we depart from the tradition. And of course, there needs to be enough good reasons to do so. So as a matter of introduction to this call, I thought it would be appropriate to explain very briefly why we are communicating about this nonexclusive agreement with LG Chem.

Firstly, this agreement is the first of its kind in the industry in several respects. It's the first multiyear agreement of

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