Umicore suspends construction of $2.76B battery materials plant in Ontario

OTTAWA—Umicore says it has halted spending on a $2.76-billion battery materials plant in eastern Ontario. The global materials company says it made the decision because of scaled-back expectations for growth in the electric vehicle market.  Last October, the federal government committed to put $551.3 million toward the project and the Ontario government said it would … Continue reading Umicore suspends construction of $2.76B battery materials plant in Ontario