Pallinghurst and Traxys join forces – creating a joint venture to capitalise on the strong growth in demand for responsibly sourced battery materials.
- Demand for energy is increasing
- …with a greater proportion to be electricity…
- … while the power generation is shifting towards clean energy …
- … requiring the need for greater energy storage.
“I have been part of creating many world leading businesses within the natural resources industry. This has taught me that it is critical to create a best-in-class team with unique and complementary skills. I am therefore pleased to join with such a distinguished firm as Traxys in a strategic partnership which has all the makings of becoming a world leader in supplying the responsibly and ethically sourced battery materials that will become increasingly sought after in the near future.”
BRIAN GILBERTSON
The Joint Venture expects to benefit from an increased environmental awareness and commitment to decarbonisation from consumers and regulators, which has resulted in growing adoption of electric vehicles and global demand for rechargeable batteries. These trends are underpinned by strong financial support from many governments and changes in consumer preferences. Pallinghurst-Traxys also expects to benefit from an increase in installed energy storage capacities within electric grids.
The Joint Venture will focus on the entire value-chain, from sourcing raw materials to managing the beneficiation and value-add process, as it supplies battery grade materials to major battery makers and their intermediate suppliers globally.
“Traxys has always focused on identifying and securing the evolving supply demands of our customers. With the grid-scale storage and electrical vehicle revolutions becoming a reality, it is natural that Traxys, as a leading global commodity supplier, would take a prominent role in supplying responsibly and ethically sourced battery materials. Our partnership with Pallinghurst creates a unique platform from which to supply the world’s industrial base with these critical battery materials.”
ALAN DOCTER
Pallinghurst-Traxys is managed by a formidable senior leadership team with a support team of more than 25 professionals, from offices in London, New York, Montreal and Luxembourg.
Picture from left to right: Mark Kristoff, Arne H. Frandsen, Brian Gilbertson, Alan Docter, Erez Ichilov, and Andrew Willis.
Alan Docter and Brian Gilbertson, both recognised as statesmen in the mining, processing and commodity industries, will act as Joint-Chairmen of the Pallinghurst-Traxys Supervisory Board. The management of Pallinghurst-Traxys is undertaken by the executive team of Mark Kristoff, Arne H. Frandsen (Chief Executive), Andrew Willis (CFO) and Erez Ichilov.
For more information, please visit www.pallinghurst.com
