CBT Signs Agreement to Supply EV Battery Materials to PowerCo

Cabot Corporation CBT has signed a multi-year supply pact with PowerCo SE, a leading European original equipment manufacturer in the electric vehicle (EV) battery sector, marking a significant step in Cabot’s strategic expansion within the battery materials market.

Cabot has agreed to supply advanced conductive carbons and conductive dispersions for EV battery electrodes to PowerCo. CBT’s high-performance materials are designed to enhance the conductivity and overall efficiency of batteries, enabling higher energy density, faster charging, and longer battery life, making it an advanced choice for next-gen EVs.

The partnership positions Cabot as a leading supplier of conductive materials to Europe’s EV battery market through the delivery of innovative solutions that meet the evolving demands of the electric vehicle market. This agreement reflects the strength of CBT’s technology and its ability to scale production to meet growing global demand.

Cabot’s conductive formulations, to be supplied under the deal, are part of its broader portfolio of conductive additives and dispersions that optimize battery performance across electric vehicles, energy storage systems and consumer electronics. The agreement is expected to contribute meaningfully to Cabot’s long-term growth in battery materials while reinforcing its role as a trusted partner in the global EV value chain. It also underscores the company’s commitment to transition towards clean energy.

CBT’s shares have declined 20.1% over the past year compared with the industry’s 19.9% dip.

CBT’s Zacks Rank & Key Picks

CBT currently carries a Zacks Rank #5 (Strong Sell).

Some better-ranked stocks in the Basic Materials space are Agnico Eagle Mines AEM, Kinross Gold Corporation KGC and Harmony Gold Mining Company Limited HMY.

At present, AEM and KGC sport a Zacks Rank #1 (Strong Buy) each, while HMY carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for AEM’s 2025 earnings is pegged at $7.87 per share, indicating a rise of 86.05%. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 11.63%. AEM’s shares have gained 118.4% over the past year.

The Zacks Consensus Estimate for KGC’s 2025 earnings is pinned at $1.68 per share, indicating a 147.06% year-over-year increase. Its shares have surged 194.2% over the past year.

The Zacks Consensus Estimate for HMY’s current fiscal-year earnings is pinned at $2.68 per share, indicating a 111.02% year-over-year increase. HMY’s shares have gained 141% over the past year.

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This article originally published on Zacks Investment Research (zacks.com).

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