[ccpw id="5"]

Home.forex news reportFlash Metals, Glencore sign e-scrap supply agreement

Flash Metals, Glencore sign e-scrap supply agreement

-


Metallium has announced a binding e-scrap supply agreement between its subsidiary Flash Metals USA and Glencore.

Glencore is a recycler of end-of-life electronics, lithium-ion (Li-ion) batteries and other products containing critical metals.

Under the agreement, Glencore will supply Metallium with up to 2,400 tonnes per annum (tpa) of e-scrap for its US operations.

The agreement represents a major commercial milestone for Metallium, ensuring long-term access to e-scrap feedstock to support the continued commissioning and scale-up of its flash joule heating (FJH) technology platform in the US.

It is also Metallium’s first binding feedstock supply contract, marking the company’s shift from development into commercial commissioning and execution.

By securing a multi-year supply arrangement with a global Tier-1 recycler, Metallium gains the throughput certainty needed to expand its US FJH operations, enabling consistent processing rates and the rollout of multiple production lines across its Technology Campus.

The agreement builds on the technical and commercial partnership set out in the parties’ previously announced memorandum of understanding (MoU).

Metallium and Glencore are also advancing a separate binding offtake agreement in line with the framework established in the MoU.

Additionally, the agreement provides feedstock certainty during commissioning, enabling predictable reactor utilisation and supporting future multi-line scale-up.

It also strengthens Metallium’s position in the fast-evolving US critical materials recycling sector, enabling closer collaboration with downstream refiners, original equipment manufacturers and strategic partners.

Metallium managing director and CEO Walshe said: “This is a defining moment for Metallium. Our first binding supply agreement gives us exactly what every processing technology company needs most: consistent, secure, high-quality feedstock. Glencore’s commitment allows us to commission and scale with confidence, and it is a strong validation of our FJH technology and US strategy.”

The next steps involve initiating delivery scheduling and logistics to enable commissioning and the first commercial-scale processing campaigns.

Metallium noted that, while the terms were not disclosed, they are standard for Glencore’s secondary-materials supply arrangements and do not affect the agreement’s strategic importance.

“Flash Metals, Glencore sign e-scrap supply agreement” was originally created and published by Mining Technology, a GlobalData owned brand.

 


The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LATEST POSTS

RBI reported to be selling USD/INR ‘heavily’ to support/smooth the rupee (INR)

The Reserve Bank of India have stepped into the FX market with intervention so support the rupee. Yesterday I reported on four consecutive days...

Dollar Pulls Back as US Manufacturing Activity Contracts

The dollar index (DXY00) fell from a 3-week high on Monday and finished down by -0.16%.  The dollar retreated on...

Why the stock market is ‘shrugging off’ Venezuelan leader Nicolás Maduro’s capture

Early Monday morning, Ed Yardeni, president of Yardeni Research, wrote in a note to clients that he was adding Venezuela "to...

Follow us

0FansLike
0FollowersFollow
0SubscribersSubscribe

Most Popular

spot_img