The Elemental Holding Group has acquired 100% of the shares of Legend Smelting and Recycling (LSR) – one of the leaders in the strategic metal recycling market in the US, the company said. The total value of Elemental Holding’s investments in the American market reaches USD 100 million.
LSR has a strong position in the US market for the sourcing and green production of strategic metals. The company’s plants, located in Ohio, California, Illinois, Indiana and Texas, source raw materials from all over North America, including Mexico. LDS’s annual turnover in 2020 was around $ 250 million, it was noted.
“Therefore, by integrating entities operating all over the world, we invest in the latest technologies, thanks to which the production process of strategic raw materials is fully sustainable and based on the best ESG practices. Another strengthening of our position on the American market is an important step in the implementation of our strategy of creating a leader in the global urban mining market in the strategic segments of ‘green metals’ and recycling: PGMs (platinum metals), electronics (gold, silver, copper, aluminum) and very in the development area of e-mobility (nickel, cobalt and lithium),” said Krzysztof Spyra, Member of the Management Board of Elemental Holding,.