Elemental agrees to use ION trading platform

Recycled-content nonferrous and precious metals production firm Elemental Holding SA will use the ION Aspect CTRM platform operated by London-based ION Commodities to trade the metallic materials resulting from its production processes, according to an announcement from ION.

London-based ION says Elemental’s “decision to implement Aspect highlights the need for robust, agile solutions in today’s rapidly evolving industrial materials and precious metals markets.”

This summer, Luxembourg-based Elemental opened a plant in Zawiercie, Poland, to recover metals from end-of-life lithium-ion batteries (LIBs) found in electric vehicles (EVs) and from automotive and industrial catalysts.

“After a thorough selection process, Aspect was the clear choice to help us manage our metals, tolling and platinum group metals (PGM) trading operations,” says Piotr Baszak, head of trading at Elemental.

Adds Baszak, “We’re excited to realize Aspect’s full potential as we grow. Its intuitive interface and comprehensive functionality give us a competitive edge in this complex market.”

Comments Sunil Biswas, head of ION Commodities, “Aspect is our CTRM solution for metals, designed to address the intricate and diverse challenges across the value chain. We’re proud to support Elemental in expanding its trading capabilities. Our ongoing investment in Aspect ensures that the solution remains at the forefront of innovation, adapting to the ever-changing needs of the metals market.”

ION commodities characterizes the metal trading landscape as “becoming increasingly complex, with businesses facing growing pressure to manage market volatility, regulatory compliance and sustainability demands.”

The technology firm describes Elemental as a supplier of “essential materials for energy storage, electronics, and renewable energy—s uch as palladium, platinum and rhodium.”

The Aspect platform, according to ION, can “support multi-commodity trading in metals, batteries, tolling and PGMs [with] real-time profit and loss monitoring, integrated workflows and complete visibility across trading, risk and operations.”

Ion describes Aspect as “a unified system that eliminates manual processes and simplifies decision making” in part by “consolidating data, enhancing risk management with value at risk (VaR) and stress testing, and supporting portfolio diversification.”

Pennsylvania-based Principia Consulting, which ION describes as a system integrator and business consulting provider, has worked with Elemental and ION on the implementation of Aspect at the recycling company, according to ION.

“By collaborating with Elemental’s team and accessing Aspect’s pre-configured metals-specific capabilities, we swiftly delivered a solution that addresses the complexity of the PGM supply chain, from origination through smelting and refining to settlement in the metals account,” says Doug Gyani, CEO of Principia Consulting.

Elemental describes itself as a capital group originating in Poland specializing in the production of recycled-content metals, processing end-of-life items such as electronic scrap and lithium-ion batteries. The company says it recovers PGMs, gold, silver, copper, rare earth metals, lithium, nickel, cobalt and manganese.