Fastmarkets — Romco expands into copper recycling in Africa amid push for circular economy

Romco Group is expanding its recycling activities from aluminium into copper at its facility in Lagos, Nigeria, the company said on Tuesday March 28, to help with the global push for a zero-emissions “circular economy.”

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Now That You’re Asking Where Your Supplies Come From, We Should Talk.

As the world faces a climate crisis amidst a shortfall of both energy supplies and critical metals, difficult decisions are being made to meet growing supply gaps without risking new dependencies on unsustainable producers or compromised geopolitical actors. A problem for some; especially in light of the Russian invasion of Ukraine. 

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The Stakeholder Challenge

The ‘Stakeholder Challenge’ begins this week — a two-week research challenge issued to PhD students from the Sustainable Hydrogen Centre for Doctoral Training (SusHy CDT) in collaboration with The Community Revolution and Romco to develop a zero-carbon green hydrogen solution for the sustainable recycling of non-ferrous metals.

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The Times — The Nigerian recycling group making its millions from waste metals

Raymond Onovwigun can hardly be accused of green-washing. Eight years after setting up Romco Group, the company says it is the third largest aluminium recycler in Nigeria, melting tin cans, old car engines and other discarded debris into ingots that it sells to international motor and telecoms companies.

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Carbon Taxes And The Cold Front About To Hit The Aluminium Value Chain

Raymond Onovwigun, Romco Group CEO & Founder, argues in AlCircle's "Innovators and Trendsetters of the Aluminium Industry" Report 2022, that expanding the market share of secondary aluminium is in the best interests of the globe’s green transition.

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Carbon Taxes And The Cold Front About to Hit The Aluminium Value Chain

the EU’s Carbon Border Adjustment Mechanism will tax importers €75 per mt of CO2 (the product’s embedded carbon emissions). With regards to aluminium, this equates to 1,350€ per ton of primary, whether imported or produced in the EU. The value of this tax is projected to increase to €100 per mt of CO2 by 2030. How are you prepared?

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Analysis: The Metals Argument For A Green Hydrogen Revolution

The global need to decarbonise energy production, particularly for the metals production industry, is now impossible to ignore. In terms of limiting global warming to 1.5C, while progress has been made, pledges and subsequent efforts fall significantly short of achieving the ambitious climate agreement. It’s clear that fulfilling the Paris Climate Agreement requires equally ambitious solutions. One key sector to consider is the energy industry - particularly as it relates to metals production - as energy is the primary driver for the carbon footprint of metal production.

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Raymond Onovwigun, Romco Group CEO, LIVE at COP27 and TXF Geneva 2022

Last week, Romco CEO & Founder, Raymond Onovwigun, was invited to speak at both COP27, in Sharm El-Sheikh, for a ThinkIn titled "Living in a heating world: lessons from the global South", hosted by Tortoise Media in conjunction with the ONE Campaign, and TXF Geneva 2022: Commodity Finance & Natural Resources Conference as a part of a panel discussing "Base metals: The good, the bad, and the lack of investment".

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The Current Crisis Crumbling Long-Standing European Aluminium Smelters

Increased energy prices for the production of aluminium, a material with notoriously high power consumption, are reducing profit margins to a razor thin line for a range of primary aluminium producers, if not already sending some smelters into the red. The stage is set for lower-cost low-energy substitutes, like secondary aluminium and hydro-powered aluminium smelters, to help fill the gaps in the market.

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BNN Bloomberg VIDEO — It’s a ‘powder keg scenario’ for base metals: Romco Group’s Keith Wildie

Keith Wildie, head of trading at Romco Group, joins BNN Bloomberg to explain why a ban by the London Metal Exchange on all metals from Russia could have “a catastrophic impact” on prices, even if physical metal continues to flow globally.

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Daily Express — Romco’s metals recycling forges a new value chain for Africa

“Romco’s metals recycling forges a new value chain for Africa” Publication: Daily Express Author: Maisha Frost 21-Sep-2022 Link: https://www.express.co.uk/finance/city/1672347/romco-metals-recycling-africa-value-chain

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Reuters — Scrap metals recycler Romco eyes green hydrogen to power furnaces in Africa

“Scrap metals recycler Romco eyes green hydrogen to power furnaces in Africa” Publication: Reuters By Angela Ukomadu 13-Sep-2022 Link: https://www.reuters.com/business/energy/scrap-metals-recyler-romco-eyes-green-hydrogen-power-furnaces-africa-2022-09-13/

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Romco Group begins first round of Asset Match ordinary share auction

Romco's first Asset Match auction is officially open and closes on September 27, 2022. Romco trading opened at 65 pence per share, with a 0.50 pence per share ticket size, giving new equity holders an opportunity to trade liquidity on the secondary market to other shareholders. 

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BNN Bloomberg — LIVE — The Nickel Market As It Currently Stands Is Broken: Romco Group Head of Trading, Keith Wildie, Discussing LME Issues

Romco Group Head of Trading, Keith Wildie, featured on BNN Bloomberg today, discussing the current nickel crisis with Andrew Bell. Have a watch here.

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Fortune — Nickel trading on the London Metal Exchange just melted down for a third time: ‘Credibility is very quickly slipping through their fingers’

Commentary from Keith Wildie, Romco Head Of Trading Publication: Fortune By WILL DANIEL Financial Report 17- March-2022

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Romco Raises $6.2m in Series A Equity Round and Reaches a Valuation Of $180m

Romco, an international metals recycler producing clean and sustainable essential metals that decarbonise the global supply chain, has announced a $6.2million investment to expand its operations and immediately drive revenue growth.

Continue ReadingRomco Raises $6.2m in Series A Equity Round and Reaches a Valuation Of $180m

Russia’s invasion of Ukraine to impact global aluminium supply

Russia's invasion of Ukraine is expected to have a significant impact on global aluminium supply and prices, while the news sent nickel prices on the Shanghai Futures Exchange to a historic high Feb. 24, and benchmark natural gas prices jumped as much as 41%.

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Romco Q3, 2020 Report Released — Over 5000 Metric Tonnes Recycled For The First Time

Q3, 2021 marks another stellar quarter of consistent growth for the group, with revenue reaching a record-breaking US$9.1 million, and our teams recycling over 5000 metric tonnes for the first time in our history (5257 mt — 220% Q3, 2020).

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Fiftyfaces — PODCAST — Raymond Onovwigun Of Romco Group – How Recycling Metal is Key to Achieving Each of the E, the S and the G

In Fiftyfaces Focus Nigerian Voices Podcast launched today, Aoifinn Devitt dives deep into Romco CEO and Founder Raymond Onoviwgun's upbringing, how the business came about, the unique aspects of being a dual national Nigerian / UK entrepreneur, and some of the greatest challenges Raymond has faced building Romco. It's an insightful delve into the mind of our founder Raymond, and a special look into his character, what motivates him, and what's next for the fast-growing recycler.

Continue ReadingFiftyfaces — PODCAST — Raymond Onovwigun Of Romco Group – How Recycling Metal is Key to Achieving Each of the E, the S and the G