What Concord Resources does

Concord Resources is a privately held global commodity merchant founded in 2015 and headquartered in London (with major offices in New York, Greenwich, and Hong Kong), focused on non-ferrous metals and associated minerals including aluminum, alumina, bauxite, copper, zinc, nickel, cobalt, and lead. The company operates three integrated service lines: Merchant Services, which physically connects producers and consumers across the global supply chain through purchasing, delivering, storing, and supplying commodity products; Manager Services, which trades price, arbitrage, and time spreads on global commodity exchanges; and Investor Services, which provides structured commodity finance, resource equity and debt investments, and product offtake and marketing agreements. Group revenue is reported at US$4.2bn, with 2.9 million tonnes of traded sales volumes, US$2.1bn in total assets, and US$434.6m of shareholders' equity.

The firm owns Atlantic Alumina Company (ATALCO), which operates the only operating alumina refinery in the United States at Gramercy, Louisiana, along with bauxite mining operations in St. Ann, Jamaica, and NICHE industrial chemical operations. In January 2026, ATALCO secured a $450 million strategic partnership combining $150M from the US Department of Defense (IBAS program) with over $300M from Pinnacle Asset Management and Concord Resources Holdings to expand alumina production to over 1 million metric tons annually and establish America's first large-scale primary gallium production circuit (up to 50 metric tons per year). The group is also a minority investor in Nevada Copper's Pumpkin Hollow underground mine, the ElementUS Minerals joint venture (rare-earth extraction from bauxite residue), ClearSky (carbon offsets and renewable energy credits), and CarbonChain (supply-chain emissions measurement).

Concord's go-to-market is enterprise, relationship-driven, and globally diversified: it serves mines, refineries, smelters, traders, shippers, and industrial consumers through long-term offtake and marketing agreements (e.g., Century Aluminum, Aldel, New Century Resources, Nevada Copper). Revenue is generated from trading margins on physical commodity transactions, management of price/arbitrage spreads on exchanges, returns on asset investments, and alumina/gallium production sales. Pricing is not publicly disclosed; the firm has been profitable every year since its 2015 founding and reports a horizontal customer-segment approach rather than vertical specialization.

Name

Concord Resources

Legal name

Concord Resources Limited

Website

https://concordltd.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Concord Resources is a global commodity merchant founded in 2015, trading non-ferrous metals and minerals for mines, smelters, refiners, and industrial consumers worldwide. It owns Atlantic Alumina Company — the only operating US alumina refinery — and provides merchant, manager, and investor services.

Ownership category

akta.pro rank

Product category

Non-Ferrous Metals Commodity Trading

NAICS

Metal Service Centers and Other Metal Merchant Wholesalers (423510), Alumina and Aluminum Production and Processing (33131)

SIC

Wholesale-Metals & Minerals (No Petroleum) (5050), Primary Smelting & Refining Of Nonferrous Metals (3330)

akta.pro primary industry

Aluminum Trading, Marketing & Distribution (IMAKACAK)

akta.pro secondary industries

Alumina Refining (Bayer Process) (IMAKACAB), Concentrates & Intermediate Feedstocks Marketing (Concentrates, Cathodes, Anodes, Alumina) (IMAKAJAJ)

Keywords

• Non-ferrous metals trading
• Commodity merchant services
• Alumina refining operations
• Resource equity investments
• Metals trading and marketing

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D

Revenue model

1. Merchant Services: Trading price, arbitrage and time spreads on global commodity exchanges, plus connecting suppliers and consumers through purchasing, delivering, storing and supplying commodity products globally. Revenue generated through trading margins on physical commodity transactions.
2. Investment Services: Commodity structured finance, resource equity and debt investments, and product offtake and marketing agreements. Concord commits its own balance sheet to investments and works with shareholder partners to finance natural resources opportunities.
3. Asset Operations: Through 100% ownership of Atlantic Alumina Company (operating in Louisiana and Jamaica), Concord participates in alumina and bauxite production operations, generating revenue from alumina and gallium production under the DoD contract expansion.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

Concord Resources is a global commodity merchant and investor focused on non-ferrous metals (aluminium, alumina, bauxite, copper, zinc, nickel, cobalt, lead) and associated raw materials. It connects suppliers and consumers worldwide through physical trading, marketing, logistics, storage, and credit provision, while also trading arbitrage and time spreads on global commodity exchanges and deploying capital via structured finance, resource equity and debt investments, and product offtake agreements. The group owns Atlantic Alumina Company, the only operating alumina refinery in the United States, with operations in Louisiana and Jamaica.

Product overview

Concord Resources is a global commodity merchant and trading house focused on non-ferrous metals and associated minerals. The company operates three core service lines: Merchant Services (connecting global suppliers and consumers), Manager Services (trading price, arbitrage and spreads on commodity exchanges), and Investor Services (providing commodity structured finance, resource equity/debt investments and product off-take agreements). Concord also holds significant operational assets including Atlantic Alumina Company (the only operating alumina refinery in the US, operating in Louisiana and Jamaica) and has an investment in Nevada Copper's underground copper mine. The company trades a portfolio of non-ferrous metals commodities including aluminum, alumina, bauxite, copper, zinc, nickel, cobalt, and lead.

Differentiator

Problem solved

Functional benefit

Products and services

• Merchant Services

Quantifiable outcome

• US$4.2bn Group Revenue
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Nine partnerships are on record, tiered minor and core.

• ElementUS MineralsminorStrategic or Co-development Partner · 1 January 2020Concord purchased an equity stake in the ElementUS Minerals joint venture in 2020. The venture aims to deploy technology to extract valuable rare earth elements and minerals from bauxite residue at the Gramercy alumina refinery. Rare earth elements are essential for permanent magnets used in wind turbines and EV motors.
• RabobankminorStrategic or Co-development Partner · 1 January 2018Blockchain consortium for metals trading and repo financing formed in 2018 with Rabobank, PGS, warehousing firm, and Concord. The consortium aims to drive efficiency, traceability and transparency using blockchain technology.
• PGSminorStrategic or Co-development Partner · 1 January 2018Part of the blockchain consortium for metals trading and repo financing alongside Rabobank, Concord, and other participants.
• Generation 10minorStrategic or Co-development Partner · 1 January 2018Part of the blockchain consortium for metals trading and repo financing alongside Rabobank, PGS, Concord, and Aon.
• AonminorStrategic or Co-development Partner · 1 January 2018Part of the blockchain consortium for metals trading and repo financing alongside Rabobank, PGS, Concord, and Generation 10.
• Atlantic Alumina Company LLC (ATALCO)coreOthersConcord owns Atlantic Alumina Company, the only operating alumina refinery in the United States, with operations in Gramercy, Louisiana and St. Ann, Jamaica. Also owns NICHE industrial chemical operations in the US.
• Nevada CoppercoreStrategic or Co-development PartnerConcord provides a committed copper concentrates purchase working capital support facility and shareholding for Nevada Copper's underground copper mine in Yerington, Nevada. Concord also signed a marketing deal for the Pumpkin Hollow copper project.
• Carbon ChainminorStrategic or Co-development PartnerConcord is an investor and customer of Carbon Chain, a platform enabling companies to accurately measure their GHG emissions across supply chains. Concord uses the data to assess carbon emissions from trades and make informed sourcing decisions.
• ClearSkyminorStrategic or Co-development PartnerClearSky is a joint venture company in which Concord maintains an investment. ClearSky invests in regulated and voluntary carbon offset markets and has concluded carbon offset sales while building a team for renewable energy credit transactions.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Glencore: The world's largest diversified commodity trader with a major industrial asset footprint including alumina/aluminum operations (e.g., the former Noranda/Albras legacy businesses). Closely comparable to Concord's combination of trading franchise plus alumina refining exposure.
• Trafigura: Top-tier independent commodity trader with significant non-ferrous metals (copper, zinc, lead, aluminum) trading volumes globally. Directly comparable merchant model, customer base, and counterparty network to Concord's.
• Mercuria Energy Trading: Global commodity trader with growing non-ferrous metals and critical minerals franchise alongside its energy trading core. Comparable in being a privately-held merchant with structured finance and physical commodity operations.
• Gunvor Group: Privately-held global commodity trader active in non-ferrous metals alongside its energy core. Directly comparable in private ownership structure, merchant services model, and physical commodity counterparty relationships.
• Louis Dreyfus Company: Family-controlled global commodity merchant with metals and minerals trading alongside soft commodities. Comparable merchant model, global counterparty network, and physical supply chain operations.
• Ocean Partners: Privately-held non-ferrous metals trader and investor with concentrated focus on base metals concentrates and intermediates — comparable in metal-merchant specialization, private ownership, and offtake/investment deal-making with mid-tier miners.

Broad incumbents

• Norsk Hydro: Integrated Norwegian aluminum producer with alumina refining, primary smelting, and downstream extrusion. Broad incumbent comparable to Concord's ATALCO refining operations and alumina trading, though much larger and publicly listed.
• Alcoa Corporation: One of the world's largest aluminum producers with active US alumina refining operations. Broad incumbent directly comparable to ATALCO's Gramercy refinery and an obvious competitor or counterparty in the US alumina market.
• Century Aluminum: US primary aluminum producer with smelters that are Concord customers under long-term alumina offtake contracts. Closely tied to Concord as both customer and downstream consumer in the US aluminum value chain.

Others

• DADA Holdings: Previous majority owner of New Day Aluminum Holdings (now Concord's majority-owned subsidiary). Ecosystem counterparty and former parent of the Gramercy/Jamaica operations Concord acquired in 2021.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries6 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Concord Resources