TRAXYS
TRAXYS is a global leader in sourcing solutions for the ferroalloy, metal, mineral, mining, and energy industries, operating over 20 offices worldwide and generating over $10 billion in annual revenue.
History of TRAXYS
TRAXYS has a history spanning over 100 years. The company formed in 2003 with the merger of Considar and Sogem’s trading division. Since then, TRAXYS has made significant acquisitions, including Metmar Limited in South Africa in 2015, Cometals division of Commercial Metals Company in 2017, and Molycorp in 2008. The company generated ownership change in 2023 when Traxys Management, Optiver, and other investors acquired all interests in TRAXYS Group held by Carlyle Group and affiliates of Louis M. Bacon.
Products and Commodities
TRAXYS trades over 65 different commodities and offers a range of products. This includes base metals and concentrates, battery critical minerals, industrial minerals, materials for steel mills and foundries, nuclear energy, and rare earths & minor metals. The company's diverse product offering supports various sectors, including the steel and energy industries.
Global Offices and Workforce
TRAXYS operates over 20 global offices and employs over 400 people worldwide. Their diverse workforce includes people from 36 different nationalities speaking over 15 different languages. The headquarters in Luxembourg complies with BREEAM and SDK global standards for sustainable building design, while the New York office is LEED compliant.
Services Offered by TRAXYS
TRAXYS provides a range of services tailored to meet the needs of its clients. These services include off-take agreements, market support, agency representation, logistics, hedging, credit risk coverage, and trade finance. The company's comprehensive and personalized services cater to the dynamic needs of the ferroalloy, metal, mineral, mining, and energy industries.
Environmental and Ethical Commitments
TRAXYS is committed to green metals and the green energy transition. The company has invested in Princeton NuEnergy, a clean-tech innovator, and has a global partnership with Li-Cycle for recycling Lithium-ion batteries. Additionally, TRAXYS is a founding member of the Conflict-Free Tin Initiative (CFTI) and ensures responsible sourcing and trading of metals and minerals. The company's stringent anti-bribery and corruption policies further emphasize its commitment to ethical practices.