IXM

Name

IXM

Legal name

IXM S.A.

Website

https://ixmetals.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Physical Metals and Minerals Commodity Trading

NAICS

Metal Service Centers and Other Metal Merchant Wholesalers (423510), Support Activities for Metal Mining (213114)

SIC

Wholesale-Misc Durable Goods (5090)

akta.pro primary industry

Procurement & Supply Chain for Mine Projects (Long-Lead Equipment, Logistics, Expediting) (IMAKAOAH)

akta.pro secondary industry

ESG, Traceability & Certification Services (Responsible Sourcing) (IMAKAFAN)

Keywords

• Physical commodity trading
• Metals and minerals trading
• Critical minerals supply
• Shipping logistics storage
• Responsible mineral sourcing

Headquarters

HQ city

Geneva

HQ country

Switzerland

HQ region

Europe

Offices19 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Physical Metals Trading: IXM trades physical metals and minerals including copper, cobalt, nickel, zinc, and molybdenum. They act as a physical commodity trading house, buying and selling these materials globally with annual turnover exceeding $25 billion.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

IXM is a physical commodity trading house that buys and sells metals and minerals globally, including copper, cobalt, nickel, zinc, and molybdenum. The company provides an end-to-end supply chain solution spanning sourcing, risk management, shipping, logistics, storage, and trade financing, supported by responsible sourcing practices aligned with international ESG standards. It serves industrial customers across 80+ countries with annual turnover exceeding $25 billion USD and trades approximately 4.5–4.7 million metric tons of metals each year.

Product overview

IXM is a physical commodity trading house specializing in global metals and minerals trade. The company operates as a unified platform offering physical commodity trading solutions (copper, cobalt, and critical minerals), integrated shipping and logistics services, and responsible supply chain management. The core offering centers on physical commodity trading with supporting logistics and responsible sourcing services. The company trades approximately 4.7 million tons of metals annually and serves customers in over 80 countries.

Differentiator

Problem solved

Functional benefit

Products and services

• Physical Commodity Trading Solution IXM's core offering is an end-to-end physical commodity trading platform that facilitates global trade of metals and minerals, including copper, cobalt, nickel, zinc, and molybdenum, for industrial customers in clean energy, EV battery, and broader industrial sectors.
• Shipping, Logistic and Storage Integrated shipping, logistics, and warehousing services supporting the physical movement and storage of traded metals and minerals across global supply chains, with operations spanning the company's network of offices and a certified ISO 14001 warehouse facility in Callao, Peru.
• Responsible Mineral Supply Chains Risk-based due diligence and responsible sourcing services for mineral supply chains, guided by the OECD Minerals Guidance and the UN Guiding Principles on Business & Human Rights, including supplier capacity building, monitoring of artisanal mining sites, and child labour prevention and remediation programs in partnership with organizations such as the Fair Cobalt Alliance, Congo Children Trust, and Better Mining.

Quantifiable outcome

• 33% of metal suppliers now originate from Copper Mark or equivalent certified assets
• +3 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• The Copper MarkcoreStrategic or Co-development Partner · 1 May 2025IXM became a Copper Mark partner, joining a network of partners supporting responsible production of copper, nickel, zinc, and molybdenum. The Copper Mark enables companies to demonstrate responsible production practices through an ESG framework. IXM is committed to promoting responsible practices in the metals value chain through this partnership.
• Fair Cobalt AlliancecoreStrategic or Co-development PartnerIXM supports the formalisation of Artisanal Mining in the Democratic Republic of the Congo through membership in the Fair Cobalt Alliance, which addresses child labor and promotes responsible mining practices in ASM communities.
• Congo Children TrustcoreStrategic or Co-development PartnerIXM partnered with Congo Children Trust as part of their Child Labour Prevention and Remediation program targeting initiatives battling child labour in ASM communities of the DRC.
• Centre d'éveil de la FemmeminorStrategic or Co-development PartnerLocal partner in DRC for child labour prevention and remediation programs in mining communities.
• Child Rights Action Hub DRCminorStrategic or Co-development PartnerPartner for child rights initiatives in Democratic Republic of Congo, supporting IXM's responsible supply chain commitments.
• Cobalt InstitutecoreStrategic or Co-development PartnerTom Mackay, Head of Refined Metals at IXM, serves as Chairman of the Cobalt Institute Executive Committee. IXM participates as Gold Sponsor at Cobalt Institute events including the Global Cobalt Congress in Singapore.
• BaringaminorImplementation/ SI/ Consulting PartnerConsulting firm that supported IXM in developing their Responsible Business strategy and double materiality assessment.
• Better MiningminorStrategic or Co-development PartnerInitiative that IXM uses to monitor and drive improvements on ASM sites in their supply chain through upstream mechanisms.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Traxys: Mid-sized global metals and minerals trader headquartered in Luxembourg with strong focus on critical minerals trading, financing, and logistics. Closely comparable to IXM in scale, business model, and customer base of industrial metals buyers.
• MRI Trading: Swiss-headquartered metals and minerals trading firm with global sourcing across Africa, Asia, and the Americas. Directly comparable to IXM as a mid-sized physical metals trader with emerging-markets sourcing concentration and industrial customer base.
• Glencore: The world's largest diversified commodity trader with a major industrial and marketing division covering copper, cobalt, zinc, and nickel. Directly comparable to IXM in physical metals trading, marketing, and logistics, with significantly larger scale and public listing.
• Trafigura: Among the largest privately-held commodity traders globally with significant metals and minerals trading (copper, zinc, lead, nickel). Closely comparable to IXM in business model, customer base (industrial buyers), and global reach across emerging-market sourcing regions.
• Mercuria Energy Trading: Major global commodity trading house with diversified metals, minerals, and energy trading operations. Comparable to IXM as a privately-held physical commodity trader serving industrial customers with end-to-end logistics and financing capabilities.
• Louis Dreyfus Company: IXM's direct corporate predecessor (founded as part of Louis Dreyfus Co.). A global merchant and processor of agricultural and metals commodities with similar physical trading, logistics, and risk-management capabilities across multiple commodity categories.
• Gunvor Group: Privately-held global commodity trading house headquartered in Geneva (same home city as IXM) with significant metals trading alongside core energy focus. Directly comparable as a peer Geneva-based physical commodity trader serving industrial customers.

Emerging players

• Stratton Resources: Smaller commodity trading and mining advisory firm with a focus on base and critical metals. Comparable to IXM in trading critical minerals for industrial customers, though at a meaningfully smaller scale and with less developed global office network.

Broad incumbents

• Aditya Birla Group (Hindalco / Novelis): Major Indian conglomerate with vertically integrated metals operations (copper, aluminum) including trading and merchanting activities. Comparable to IXM as a large-scale global metals merchant, though with more emphasis on primary production than pure trading.
• Vitol: World's largest independent energy trader with a growing metals and minerals book. While primarily energy-focused, Vitol's physical commodity trading infrastructure, customer relationships, and global footprint overlap meaningfully with IXM's metals operations.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ixm

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries13 records

Funding overview

Funding rounds

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 IXM