Pallinghurst and Traxys join forces – creating a joint venture to capitalise on the strong growth in demand for responsibly sourced battery materials.
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.
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.