Glencore plc has entered into a binding agreement with Flash Metals to supply electronic waste for recycling, targeting recovery of copper, gold, and rare earth elements. The deal marks a strategic push toward sustainable resource sourcing amid rising demand for critical metals.
- Glencore and Flash Metals agreed to supply 15,000 metric tons of e-scrap annually
- Expected recovery: 4,500 metric tons of copper, 450 kg of gold, and 120 metric tons of rare earth elements per year
- Deal supports Glencore’s 2030 carbon intensity reduction target
- Facilities in Europe and North America will process the e-scrap
- Significant strategic alignment with circular economy and ESG priorities
- Positive market reaction observed in Glencore (GLEN.L) share price
Glencore plc and Flash Metals have finalized a long-term e-scrap supply agreement, under which Flash Metals will source and process electronic waste from Glencore’s global network for metal recovery. The collaboration aims to increase the supply of recycled copper, gold, and rare earth elements, key components in electric vehicles, renewable energy systems, and advanced electronics. The agreement is expected to deliver approximately 15,000 metric tons of e-scrap annually, with initial volumes to be processed at Flash Metals’ facilities in Europe and North America. This scale represents a significant contribution to Glencore’s broader sustainability goals, including a target to reduce carbon intensity in its operations by 30% by 2030. The deal also supports emerging global regulations favoring circular economy models, particularly in the EU and U.S. Key metals extracted under the arrangement include an estimated 4,500 metric tons of copper and 450 kilograms of gold per year. Additionally, recovery of rare earth elements such as neodymium and dysprosium is anticipated to reach 120 metric tons annually, helping mitigate supply risks associated with geopolitical concentrations in primary mining. Market participants in the metals and mining sector are noting the implications: shares in Glencore (GLEN.L) rose 1.8% in early trading, while Flash Metals’ partner firms, including major recyclers and battery manufacturers, may see increased demand. The development strengthens the position of ESG-focused investors and could influence supply chain strategies across the industrial recycling value chain.