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Elemental Holding S.A. (formerly WSE: EMT; delisted from Warsaw Stock Exchange trading 2021-02-25, see ownershipnote) is a Polish-founded "urban mining" and metals-recycling group with collection and processing operations across roughly 35-40 countries in Europe, the US, the Middle East and Asia.
Named counterparties identified by open-source research and written only where a primary source states the relationship — never inferred from sector or co-mention. 1 customer-side. This is a partial view: it covers the relationships we could evidence, not the company's full supply base.
Strategic partnership announced 2024-01-24 (deal expected to close early 2024): Mitsubishi markets/sells the refined PGMs (platinum, palladium, rhodium) that Elemental recovers at its Zawiercie, Poland smelter/refinery, and also provides a trade-finance working-capital facility plus an equity investment in Elemental's US operating subsidiary. Corroborated via Recycling Product News and recycledmaterials.org (Elemental's own press page returned HTTP 403 on fetch).
Scope. Absence of a counterparty here is not evidence that none exists — most commercial sourcing is confidential and never becomes public. Rows without a share figure mean no share was disclosed, not that the relationship is small.
This company sits on the supply side for 7 of its 7 materials — a restriction on those is a tailwind, not a headwind.
As a producer, policy pressure across its produced materials is coverage-limited.
Descriptive trend in official policy actions on this company’s materials — a policy-pressure trend, not a price or trading signal. No forward probability is implied. Direction is measured on actions we have discovered, and discovery lags events: where the recent window is too thin to support a calm reading, the row says coverage-limited instead of easing.
No actions in the register have named or swept this company in the last 24 months.