E-Scrap News

Metallium looks to long-term contract with Glencore

A memorandum of understanding between the two companies sets up the potential for long-term e-scrap supply and recovered metals offtake. | Photo courtesy Glencore Canada

The US subsidiary of Australia’s Metallium metals and mining giant, Glencore, signed a memorandum of understanding (MOU), to explore a long-term agreement for e-scrap feedstock supply and recovered metals offtake.

The US subsidiary of Australia’s Metallium metals and mining giant, Glencore, signed a memorandum of understanding (MOU), to explore a long-term agreement for e-scrap feedstock supply and recovered metals offtake. 

The two companies aim to finalize a binding agreement by the end of the year, Metallium CEO Michael Walshe said in a statement. Houston-based Flash Metals USA, a division of Australia’s Metallium, is accelerating its US expansion, announcing three new sites in recent months. 

The agreement covers a significant share of Metallium’s initial feedstock requirements “and supports our planned expansion to Stage 2, positioning Metallium alongside one of the most influential players in global recycling as we build a natural network of plants near major collection hubs and data center corridors,” Walshe said. 

Under the MOU, Glencore will be a major feedstock supplier to Metallium’s new Texas facility, and will provide assaying and other technical services for incoming feedstocks. Glencore is a major recycler of electronics and lithium-ion batteries, and its Horne smelter in Quebec is North America’s largest processor of e-scrap containing copper and precious metals. 

Glencore will also buy up to 75% of Metallium’s recycled products, including metals, metal chlorides and metal hydroxides, although Metallium would retain the option to market higher value products including gallium, germanium, indium and rare earths. 

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