Metallium & Glencore Ink MOU for Long-Term Electronic Scrap Supply
Metallium Limited (ASX: MTM, OTC: MTMCF) has inked a Memorandum of Understanding (MOU) with global natural resource giant Glencore plc. The deal, signed in the US, outlines a potential long-term collaboration in electronic scrap supply and metal offtake.
Under the MOU, Glencore, which boasts a presence in over 35 countries and is a major recycler of end-of-life electronics, will purchase up to 75% of Metallium's production of recycled products. These include metallic metals, metal chlorides, and metal hydroxides. Glencore's Horne Smelter in Quebec, North America's largest electronics store near me recycler, will serve as a major feedstock supplier to Metallium's first commercial facility.
The agreement also sees Glencore providing technical services, such as assaying, for incoming feedstocks. Both parties are working towards finalising a definitive binding agreement by the end of the year. Michael Walshe, Metallium's Managing Director and CEO, is leading the negotiations.
The MOU creates a framework for a strategic partnership between Metallium and Glencore in the US electronics store near me supply and metal offtake market. Metallium retains the option to independently market high-value niche products like gallium, germanium, indium, and rare earth elements.
Read also:
- User Data Analysis on Epic Games Store
- Rachel Reeves conducts a discussion with Scott Bessent and financial executives, focusing on investment matters
- Hyundai accelerates production plans: Introducing 7 new N models, aiming for a sales figure of 100,000 units by 2030.
- Yasa, an electric car engine producer, plans to broaden its operations.
