EU approves Umicore and HSAM joint venture for battery materials

The European Commission approved the creation of a joint venture, Extra Mile Materials, by Umicore and HS Hyosung Advanced Materials Corporation (HSAM). The JV will develop, manufacture, and sell silicon-carbon composite materials for batteries.

“The European Commission has approved, under the EU Merger Regulation, the creation of a joint venture through the acquisition of joint control of Extra Mile Materials by Umicore, both Belgian, and Korea's HS Hyosung Advanced Materials Corporation (HSAM).”marketscreener.com

• 1 source
• marketscreener.comThe EU approved the creation of a company by Umicore and HSAM | MarketScreenerJacques MeaudreJan 15, 2026

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