UPDATE 1-Umicore to invest in battery material production

Newswire

* To invest 60 mln euros in increasing capacity * Sees demand for newer type cathode materials surging * Materials to be used for PC notebooks and green vehicles (Adds detail) BRUSSELS, March 31 (Reuters) - Specialty materials group Umicore will more than triple its annual output of materials needed for rechargeable batteries used in hybrid and electric vehicles by 2013, anticipating a surge in demand. The group said on Wednesday it would invest 60 million euros ($80.56 million) to ...

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