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Umicore sees no problem so far from China's curbs on critical minerals
Published by Global Banking & Finance Review®
Posted on August 1, 2025
2 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on August 1, 2025
2 min readLast updated: January 22, 2026
Umicore reports no disruptions from China's mineral export curbs, maintaining operations through diversified supply chains and active stock management.
By Dimitri Rhodes
(Reuters) -Umicore said on Friday that China's curbs on exports of rare earths and other critical minerals had so far not disrupted operations of the group that recycles and refines metals in both China and Europe.
Large amount of the materials Umicore refines end up in the European markets. It processes 17 out of the 34 raw materials the European Union has defined as critical, its management said.
"We have not had any issues in getting materials through our active management on stocks and our diversified supply chain," CEO Bart Sap said in a post-earnings call with analysts.
Many of Umicore's catalytic applications are not currently covered by China's restrictions, he added.
Umicore processes a wide range of metals sourced across the world. Those include antimony and germanium, critical minerals used in weapons, telecommunications and solar cells, that are on China's export control list alongside rare earths.
It was not immediately clear if Umicore had been sourcing any of those metals from China, and the company could not be immediately reached.
Exports of antimony and germanium were down 88% and 95% respectively in June compared to January, according to Chinese customs data. Much as with rare earths, China is by far the largest miner and or refiner for both elements.
(Reporting by Dimitri Rhodes in Gdansk, editing by Milla Nissi-Prussak)
Umicore stated that China's curbs on exports of critical minerals have not disrupted its operations so far, thanks to effective stock management and a diversified supply chain.
Umicore processes 17 out of the 34 raw materials defined as critical by the European Union, including antimony and germanium.
According to Chinese customs data, exports of antimony and germanium dropped significantly in June, down 88% and 95% respectively compared to January.
Many of Umicore's catalytic applications are not currently impacted by China's export restrictions, as noted by CEO Bart Sap.
It remains unclear whether Umicore has been sourcing antimony and germanium from China, and the company could not be reached for immediate comment.
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