IXM

IXM S.A. is a base metal commodity trading company with headquarters in Geneva, Switzerland. It is regarded as the third biggest metals trading company aside from Glencore and Trafigura.[5][6] The current company was rebranded from "LDC Metals" to "IXM" after the transaction from LDC Group to the Chinese fund NCCL Natural Resources Investment Fund was completed in May 2018.[7][8] It is a global merchant in base and precious metals, and is among the top copper, zinc and lead concentrates merchandizers, and a leader in refined copper, zinc, aluminium and nickel markets.

For the airport with the IATA code IXM, see Madurai Airport.

IXM
TypePublic
IndustryCommodities
Metals and Mining
Founded2005 (2005)
(As Louis Dreyfus Metals)[1]
FounderLouis Dreyfus Company
HeadquartersGeneva, Switzerland
Area served
Worldwide
Key people
Kenny Ives (CEO)
ProductsMetals Concentrate and Refined Metals
RevenueUS$ 12.524 billion (2017)[2]
Undisclosed
US$ 92.3 million (2017)[2]
Total assetsUS$ 3085.6 million (2017)[2]
Total equityUS$ 407.0 million (2017)[2]
OwnerChina Molybdenum[3]
Number of employees
Over 420[4]
Websitewww.ixmetals.com

IXM's business started in 2005 when Louis Dreyfus Company acquired Mitsui & Co's copper concentrates book.[9] The business was expanded rapidly afterwards, when IXM broadened its reach to multiple raw and refined metal books. In 2012, IXM acquired 51% stake of GKE metal with $8m, as a step of its expansion into metals warehousing business.[10] The GKE Metal's stake was sold to a sister company of LDC in Nov 2017, as per a company filing of Louis Dreyfus Company.[11]

China Molybdenum took full control IXM in July 2019.[3]

References
  1. "Louis Dreyfus Company Sells Global Metals Business To NCCL Natural Resources Investment Fund". LDC.com. 22 December 2017. Retrieved 4 July 2018.
  2. "公告 - 收购持有IXM的目标公司的非常重大收购" (PDF) (in Chinese). chinamoly.com. 4 December 2018. Archived from the original (PDF) on 11 December 2018. Retrieved 4 December 2018.
  3. "China Moly takes full control of ex-Dreyfus metals unit for $518 million". Reuters. 25 July 2019. Retrieved 16 June 2022.
  4. "IXM: Home". chinamoly.com. Retrieved 13 December 2022.
  5. Hoffman, Andy; de Sousa, Agnieszka (2 November 2016). "Top Five Metals Trader Is Hiding Inside Food Giant Louis Dreyfus". Bloomberg L.P. Archived from the original on 3 November 2016. Retrieved 4 July 2018.
  6. "Louis Dreyfus Company sells metals business to Chinese fund". ft.com. 23 December 2017. Retrieved 4 July 2018.
  7. "Louis Dreyfus Company completes the sale of its global Metals business to NCCL Natural Resources Investment Fund". LDC.com. 11 May 2018. Retrieved 4 July 2018.
  8. "LDCM rebranded to IXM" (PDF) (in Chinese). 31 May 2018. Archived from the original (PDF) on 4 July 2018. Retrieved 4 July 2018.
  9. "China Molybdenum takes direct ownership of IXM in $495mln fund buyout, details profits". metalbulletin.com. 5 December 2018. Retrieved 17 December 2018.
  10. "Louis Dreyfus Commodities Metals acquires 51% of GKE metal". ldc.com. 22 June 2012. Retrieved 17 December 2018.
  11. "LDC-AR-2017" (PDF). ldc.com. Archived from the original (PDF) on 17 December 2018. Retrieved 17 December 2018.
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