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IXM is a Geneva-headquartered global physical metals merchant — by trading volume one of the world's largest nonferrous-metals traders alongside Glencore and Trafigura, moving over 6 million metric tons of metal annually with 2024 turnover above US$25bn.
Named counterparties identified by open-source research and written only where a primary source states the relationship — never inferred from sector or co-mention. 3 suppliers. This is a partial view: it covers the relationships we could evidence, not the company's full supply base.
IXM named TFM/KFM as its own cobalt suppliers when declaring force majeure on 2025-06-30 amid the DRC export ban; both mines are CMOC (IXM's 100% parent) subsidiaries, so this is an intra-group but real physical supply relationship, not third-party diversification.
Evolution Mining ASX release 2023-12-05: 'Evolution has also agreed to enter into an offtake agreement (on market equivalent terms) with IXM S.A. (IXM) (a subsidiary of CMOC) under which IXM will purchase from Evolution copper concentrates produced from the Northparkes mine equal to Evolution's 80% attributable interest over the life of mine's existing Ore Reserves.' Northparkes is in New South Wales, Australia; destination smelter not stated. Evolution Mining has no dossier in this corpus (checked 2026-09-26).
CMOC FY2025 annual report (cninfo, 2026-04-02), Section 5 sales model, p.22: '铌产品同样建立了\"生产厂-IXM－客户\"的经销模式，整合IXM全球销售网络和中国国内销售团队的铌铁客户销售网络，不断增厚铌铁销售利润' — CMOC Brasil's ferroniobium reaches customers via a plant-to-IXM-to-customer model that combines IXM's global sales network with a China domestic ferroniobium sales team. Parent-to-subsidiary (intra-group) flow. No volume, value or end-customer name disclosed.
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.
4 other tracked dossiers name 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: 995 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.
US CBP bill of lading via ImportGenius importer page (retrieved 2026-09-27): BoL HLCUSCL260656567, arrival 2026-08-04; shipper ANGLO AMERICAN SUR S.A., consignee IXM TRADING LLC; COPPER CATHODES, 200,928 kg gross; Hapag-Lloyd booking out of San Antonio, Chile. Anglo American Sur (50.1% Anglo American) operates Los Bronces and El Soldado in central Chile; IXM Trading LLC is the US arm of IXM (CMOC).
CMOC FY2025 annual report (cninfo, 2026-04-02), Section 5 sales model, p.22: '铌产品同样建立了\"生产厂-IXM－客户\"的经销模式，整合IXM全球销售网络和中国国内销售团队的铌铁客户销售网络，不断增厚铌铁销售利润' — CMOC Brasil's niobium (ferroniobium) is sold through a plant-to-IXM-to-customer distribution model combining IXM's global sales network with a China domestic sales team's ferroniobium customer network. IXM is CMOC's 100%-owned trading subsidiary (intra-group flow). No volume, value or end-customer name disclosed; China is named as a sales territory but end-buyers are not.
US import manifest rows (CBP data rendered by ImportYeti, synced 2026-09-23): 2026-09-21, BoL BBHY1390007PN24, shipper Corporacion Nacional Del Cobre, consignee Ixm Trade Llc (Norwalk, CT, US), 502,469 kg 'Bundles Stc Each Lme Registered Grade Copper Cathodes Brand Ccc', lane South America to US; five more IXM BoLs the same day. IXM Trade LLC is IXM's US trading entity. Origin CL (Codelco), destination US.
US Customs bills of lading summarised by ImportGenius (shipper LS MnM Inc., Seoul KR; page updated 2026-09-19): top importer 'IXM TRADING LLC', New Orleans, Louisiana, most recent 2026-03-02, 600 containers, 12,005,907 kg gross cumulative since 2006. LS MnM's US sea shipments on the same page are 'LME REGISTERED GRADE A COPPER CATHODES BRAND ONSAN I/II', the brands of its Onsan (Ulsan, Korea) refinery. Per-BoL route for the IXM entries is not shown in the free view; origin taken as the Onsan refinery named on the shipper's cathode brands. Trader consignee, route pinned by the customs record.
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 5 of its 5 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.