# If Umicore moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/umicore · Facet: ripple · Updated: 2026-07-10T12:05:56.524+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, Umicore is directly linked to 2 companies (0 supply, 2 revenue relationships) and reaches 8 companies within two hops; the links are backed by 10 dated sources, 1 of them primary filings (as of 2026-07-10).

Umicore operates across Catalysis, battery materials and recycling group. It is +17% in 2026. The stock (+17%) and its demand side (avg +15.3%) are moving in step. Among connected nodes the furthest ahead is Samsung SDI (+40.5%) and the furthest behind is LG Energy Solution (-9.9%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. IONWAY, its JV with Volkswagen's PowerCo targeting 160 GWh a year, is the growth axis of its European cathode business.

## Demand chain (leading)
- T1 Samsung SDI (https://valuechain.wiki/samsung-sdi.md)
- T2 Tesla (https://valuechain.wiki/tesla.md)
- T3 PG&E Corporation (https://valuechain.wiki/pg-e.md)
- T3 Edison International (https://valuechain.wiki/edison-international.md)
- T2 General Motors (https://valuechain.wiki/general-motors.md)
- T1 LG Energy Solution (https://valuechain.wiki/lg-energy-solution.md)
- T2 Toyota Motor Corporation (https://valuechain.wiki/toyota.md)
- T3 Mazda Motor (https://valuechain.wiki/mazda-motor.md)
- T2 Hyundai Motor Company (https://valuechain.wiki/hyundai-motor-company.md)
- T2 Honda Motor (https://valuechain.wiki/honda-motor.md)
- T2 DTE Energy (https://valuechain.wiki/dte-energy.md)
- T3 Oracle (https://valuechain.wiki/oracle.md)

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Full node: https://valuechain.wiki/umicore.md · JSON: https://valuechain.wiki/umicore.json