# Who does Umicore pay? Who are its key suppliers?
Canonical: https://valuechain.wiki/umicore · Facet: suppliers · Updated: 2026-07-10T12:05:56.524+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Umicore discloses no named confirmed suppliers/cost counterparties; 2 relationships are tracked as undisclosed/aggregate. Per the valuechain.wiki graph: 2 cost edges, backed by 4 dated sources, 0 of them primary filings (as of 2026-07-10).

### Glencore (high)
- note: In May 2019 Umicore signed a long-term revolving agreement with Glencore for the supply of cobalt hydroxide sourced from Glencore's KCC and Mutanda mines in the DRC, shipped to Umicore's cobalt refineries including Kokkola in Finland, a flagship raw-material cost relationship securing long-term cobalt feed for its battery materials value chain.
- [confirms] GlobeNewswire (Umicore/Glencore joint release) (EN, ir, published 2019-05-29) https://www.globenewswire.com/news-release/2019/05/29/1854608/0/en/Joint-press-release-Umicore-and-Glencore-develop-partnership-for-sustainable-cobalt-supply-in-battery-materials.html: "long-term revolving agreement for the supply of cobalt hydroxide ... from ... KCC and Mutanda, located in the DRC ... shipped to Umicore's cobalt refineries globally, including the Kokkola refinery in Finland"
- [mentions] Chemical Engineering (EN, news, published 2019-05-29) https://www.chemengonline.com/umicore-and-glencore-develop-partnership-for-sustainable-cobalt-supply-in-battery-materials/: "long-term revolving agreement for the supply of cobalt hydroxide to Umicore's battery materials value chain ... guarantees Umicore's security of supply for a substantial part of its longer-term cobalt needs"

### CNGR · 에코앤드림 (EcoDream) (mid)
- note: In March 2025 Umicore signed mid-to-long-term precursor (pCAM) supply contracts with China's CNGR and Korea's EcoDream as part of a supply-chain diversification strategy, supplementing its own precursor output in Finland (20,000 t/yr) and China (80,000 t/yr), with deliveries from early 2026. Umicore is the buyer of precursor here, making this an inbound cost relationship.
- [confirms] ZDNet Korea (KO, news, published 2025-03-28) https://zdnet.co.kr/view/?no=20250328093132: "It supplements Umicore's own cathode precursor output in Finland (20,000 t/yr) and China (80,000 t/yr) ... Umicore will receive supply from early 2026"
- [confirms] Industry News (KO, news, published 2025-03-28) https://www.industrynews.co.kr/news/articleView.html?idxno=61837: "Umicore signed mid-to-long-term precursor (pCAM) supply contracts with Korea's EcoDream and China's CNGR ... supply-chain diversification ... supply from early 2026"

Reverse side: https://valuechain.wiki/umicore/customers.md · Ripple: https://valuechain.wiki/umicore/ripple.md

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