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Heraeus is a privately (family-)held German technology and materials group headquartered in Hanau, active in precious-metals refining/trading/recycling, high-purity quartz glass, electronic materials, medical technology and sensors.
Group exposure score is 65 including 1 tracked subsidiary — standalone is 58.
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 supplier. This is a partial view: it covers the relationships we could evidence, not the company's full supply base.
Northam summarised financial results for the year ended 30 June 2025 name 'Heraeus Deutschland GmbH & Co. KG' as 'one of our two precious metal refiners' (the other is Johnson Matthey, contracted for extra capacity), and note 31: 'Subsequent to year-end, Northam and Heraeus ... concluded an amicable engagement ... redetermination of historical refining outcomes ... Heraeus has made a once-off payment to Northam to the value of USD66.0 million'. The FY2025 document does not say which Heraeus refinery (Hanau DE vs Port Elizabeth ZA) treats the concentrate; the DE leg rests on Northam's metallurgical-operations page (https://www.northam.co.za/about-northam/metallurgical-operations). Prior: Heraeus press release, Oct 2015: 20-year agreement extending a partnership dating from 1988; Heraeus refines Northam's PGM concentrates at Port Elizabeth (ZA) and Hanau (DE) and purchases up to 40% of Northam's refined precious metals. Terms as announced in 2015; not re-confirmed as current.
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.
Another tracked dossier names this company as a counterparty in its own sourced disclosure — this platform never wrote these rows on this company's own page, they are read here inverted from the dossier that disclosed them. This is a partial view: 987 additional named-counterparty rows across the corpus could not be matched to a tracked dossier by name at all (mostly non-Latin legal names), so the true count is higher than what renders here.
Northam summarised financial results for the year ended 30 June 2025 name 'Heraeus Deutschland GmbH & Co. KG' as 'one of our two precious metal refiners' (the other is Johnson Matthey, contracted for extra capacity), and note 31: 'Subsequent to year-end, Northam and Heraeus ... concluded an amicable engagement ... redetermination of historical refining outcomes ... Heraeus has made a once-off payment to Northam to the value of USD66.0 million'. The FY2025 document does not say which Heraeus refinery (Hanau DE vs Port Elizabeth ZA) treats the concentrate; the DE leg rests on Northam's metallurgical-operations page (https://www.northam.co.za/about-northam/metallurgical-operations). Prior: Northam's metallurgical-operations page states the remaining PGM solutions are filtered and dried into a final concentrate shipped to the Heraeus refineries in Hanau (Germany) and Port Elizabeth (South Africa), where the metals are toll-refined to 99.95% purity. Tolling relationship stated by Northam; the Heraeus 2015 release (heraeus.md row) adds that Heraeus purchases up to 40% of the refined metal. Corridor credited on the Hanau leg only; no volume split between Hanau and Port Elizabeth disclosed.
Scope. This section is inverted evidence: each linked dossier wrote the original row about itself, describing its own relationship to this company. It is never a claim this company itself disclosed. Absence here is not evidence of no relationship — most of the corpus has no named-counterparty block at all yet.
This company sits on the supply side for 2 of its 4 materials — a restriction on those is a tailwind, not a headwind.
As a buyer, policy pressure across its consumed materials is rising.
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.
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.
🇵🇪 PE accounts for 100% of severity-weighted pressure.