Mercuria has invested in rare metal provider TechMet, which has now secured $170m in total and which is already planning to raise a further $250m.
Ireland-based rare metal producer TechMet completed a $120m funding round on Friday featuring energy and commodities trading group Mercuria.
The round, the second to be closed by the company, included investment management firm Lansdowne Partners and the US government’s International Development Finance Corporation.
Founded in 2017, TechMet produces and recycles rare metals typically used in renewable energy systems, energy storage technology and electric vehicles.
The company also acquires controlling or significant minority positions in businesses that operate across the metal…
