Pallinghurst-Traxys is led by Arne H. Frandsen (Director and Chief Executive), Andrew Willis (Director and Chief Financial Officer), Mark S. Kristoff (Director) and Erez Ichilov (Director and Chief Investment Officer). The executive team will draw on the experience of the Chairman, Alan K. Docter, a leading mining and trading veteran with a proven track record in strategic initiatives and value-creating investments and Dr. Lumkile Mondi with over 30 years’ experience as a Chief Economist, international scholar and business executive.
In November 2019, the Pallinghurst Group, and leading global commodities trader, Traxys, today announced the launch of the Pallinghurst-Traxys Battery Materials joint venture.
Through the Joint Venture, Pallinghurst and Traxys will invest in and establish controlling positions in projects to develop and supply responsibly and ethically sourced materials to the growing rechargeable battery and energy storage industry.
The Joint Venture expects to benefit from 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.