Trafigura completes acquisition of Ecobat Stolberg multi-metals plant

(Posted on 20/02/23)

Trafigura, a market leader in the global commodities industry, and Ecobat, the global leader in battery recycling, have confirmed that Trafigura’s acquisition of the Ecobat Resources Stolberg GmbH (ERS) business has been completed following the satisfaction of customary conditions precedent including the receipt of regulatory approvals.

As previously announced, the Stolberg plant will be operated and managed by Nyrstar, an international producer of critical minerals and metals essential for a low carbon future. The Stolberg business will operate under the name ‘Nyrstar Stolberg GmbH’ going forward. Nyrstar is wholly owned by the Trafigura Group.

“We welcome the highly engaged Stolberg team to Nyrstar and look forward to working hand in hand to increase local availability of highly relevant materials for the fast-evolving European green transition as we plan to bring Nyrstar Stolberg on line in the coming weeks,” said Guido Janssen, Co-CEO of Nyrstar.

“We are pleased to complete this sale and look forward to championing the Stolberg plant as it restarts production under a new owner. Meanwhile, we will continue to concentrate our portfolio on our core business of battery recycling in the circular energy economy,” said Marcus Randolph, CEO of Ecobat.

ERS – which will operate under the name Nyrstar Stolberg - was founded in 1848 and is one of the largest and most modern primary multi-metal smelters in the world. The facility produces primary lead and more than 100 different specifications of market-leading lead alloys, battery based sulphuric acid as well as precious metals such as silver, gold, and platinum from lead concentrates. The plant has been under repair since a major flood event occurred in July 2021.

Nyrstar is an international producer of critical minerals and metals essential for a low carbon future. With a market leading position in zinc and lead, Nyrstar has mining, smelting and other operations located in Europe, the U.S. and Australia and employs approximately 4,000 people. Its Corporate Office is based in Budel-Dorplein, the Netherlands.

Trafigura is a leading commodities group, owned by its employees and founded 30 years ago.

Latest News

Increased copper and iron ore production for BHP

BHP have released their operational review for the quarter ended 30 September 2024.BHP Chief Executive... Read more

Safety a priority as Rio Tinto releases Q3 production results

Rio Tinto is continuing to prioritise learning from safety incidents to improve the effectiveness of... Read more

IFA and Proba launch global programme for GHG emissions reduction

The International Fertilizer Association (IFA) is partnering with supply chain decarbonization startup... Read more

Export Exchange 2024 wraps up as trade teams head across the USA

Export Exchange 2024, sponsored by the U.S. Grains Council (USGC), Growth Energy and the Renewable Fuels... Read more

MPA welcomes UK Government’s commitment to fund CCUS

The Mineral Products Association (MPA) has welcomed the Government’s pledge to fund the launch... Read more

Glencore’s Stephen Rowland elected Chair of ICA’s Board

The Board of Directors of the International Copper Association (ICA) has elected Stephen Rowland, Glencore... Read more

NGFA highlights ‘trifecta of transportation trouble’ for US agriculture

Potential disruptions to the nation’s shipping infrastructure could have a devastating effect... Read more

ADM adds non-GM capabilities in Hungary

ADM has announced that it has reached an agreement to acquire Vandamme Hungaria Kft and its related... Read more

Richard Holtum to become Trafigura CEO from 1 January 2025

Trafigura Group Pte Ltd has announced that Richard Holtum will become Chief Executive Officer (CEO)... Read more

Financial community visit Rio Tinto North American operations

Rio Tinto is hosting a site visit for the financial community this week to its Aluminium and Iron &... Read more