What Blacklake does

Blacklake Inc. is a privately held Canadian commodity trading company headquartered in Toronto that operates in the global physical trade and recycling of non-ferrous metals, primarily aluminium, copper, brass, and bronze. Founded in 2021, the company runs an owned office network across Toronto, Geneva, Sao Paulo, Belo Horizonte, Barcelona, and Seoul, supplemented by sorting and storage yards in Bolivia and Spain and strategic partnerships with local operators in over 50 countries. Its core product lines are Total Recycling (global physical trade of metal scraps) and Primary Aluminium (billet and ingot supply, including Wagstaff AirSlip-cast billets in 1XXX-7XXX alloy series and P1020/P1010 remelting ingots), supported by metallurgical analysis, scrap handling and storage, financial assistance and risk management, and machinery/equipment supply to metal and mining industries in 30+ countries.

The business is structured as a B2B, sales-led commodity trading house that earns revenue from the spread between procurement and sale prices of physical metal (a transaction-fee/margin model). Pricing is commodity-market-driven and varies daily. The customer base is segmented horizontally across primary aluminium smelters (45% of clients), aluminium extrusion and roll forming plants (29%), other trading companies (17%), and scrap processing firms (7%), with distribution executed directly through Blacklake's offices and a multi-modal logistics network spanning ships, rails, and trucks.

Blacklake's claimed competitive advantages are distribution reach (offices and yards on three continents), a network of hundreds of partners and clients across 50+ countries, a 'real-time market flow data' positioning for differential pricing, and a multicultural team with decades of collective trading experience. It maintains active memberships in the Institute of Scrap Recycling Industries (ISRI) and the Bureau of International Recycling. No public financials, funding rounds, or external institutional ownership are disclosed in the source material, and the company is described as founder-owned.

Name

Blacklake

Legal name

Blacklake Inc.

Website

https://blacklaketrading.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Blacklake is a privately held Toronto-based commodity trading house that conducts global physical trade and recycling of non-ferrous metals (aluminium, copper, brass, bronze), serving smelters, extrusion plants, trading firms, and scrap processors across 50+ countries via owned offices and a multi-modal logistics network.

Ownership category

akta.pro rank

Product category

Non-Ferrous Metals Commodity Trading

NAICS

Metal Service Centers and Other Metal Merchant Wholesalers (423510)

SIC

Wholesale-Metals & Minerals (No Petroleum) (5050)

akta.pro primary industry

Metal Scrap Trading & Brokerage (Ferrous & Non-Ferrous) (IMAKAJAI)

akta.pro secondary industries

Scrap Metal Export/Import & Trading (International Sourcing, Compliance, Documentation) (IMAKAMAL), Non-Ferrous Scrap Processing & Brokerage (Aluminum, Copper, Brass/Bronze, Lead, Zinc, Nickel) (IMAKAMAB), Aluminum Scrap Collection, Sorting & Processing (IMAKACAJ)

Keywords

• Non-ferrous metals trading
• Aluminum scrap recycling
• Primary aluminium supply
• Metal commodities logistics
• Scrap metal brokerage

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices8 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Non-ferrous metals trading: The company generates revenue through buying, processing, and selling non-ferrous metals including aluminum, copper, brass, and bronze. Revenue comes from the margin between procurement and sale prices of physical metal commodities.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Blacklake is a global commodity trading house specializing in the physical trade of non-ferrous metals (aluminum, copper, brass, and bronze) and metal scraps. The company buys, processes, and resells primary aluminum products (billets and ingots manufactured using Wagstaff AirSlip technology) and trades scrap metals worldwide, delivering commodities through a diversified multimodal logistics network of ships, rails, and trucks to smelters, extrusion plants, trading companies, and scrap processing firms.

Product overview

Blacklake is a full-service non-ferrous metal trading and recycling company offering a unified portfolio of products and services. The core offerings include Total Recycling (global trade of metal scraps in aluminium, copper, brass, and bronze) and Primary Aluminium (supply of billets and ingots). Their product range includes Billets for Forging and Extrusion (available in 1XXX-7XXX alloy series using Wagstaff AirSlip technology) and Ingots and Sows (including P1020 and P1010 grades plus aluminum-silicon alloys). Supporting services include metallurgical analysis, scrap handling and storage, financial assistance with risk management, real-time market flow data, and machinery/equipment supply to the metal and mining industries. The company operates through global logistics delivering added-value metal commodities via ships, rails, and trucks.

Differentiator

Problem solved

Functional benefit

Products and services

• Total Recycling Global physical trade of non-ferrous metal scraps, specializing in aluminium, copper, brass, and bronze. Sold to smelters, extrusion plants, trading companies, and scrap processing firms worldwide.
• Primary Aluminium Supply of a wide range of aluminium billets and ingots for various industrial applications, tailor-made as per customer requirements. Sold to industrial manufacturers and smelters.
• Billets for Forging and Extrusion Billets manufactured using the Wagstaff AirSlip air-casting technique with degassing, filtering, and grain refining. Available in alloy groups 1XXX, 2XXX, 3XXX, 6XXX, and 7XXX series. Sold to extrusion and forging plants.
• Ingots and Sows Remelting ingots for casting, lamination, and deoxidation industries. Products include P1020 (99.7% aluminum), P1010 (99.8% aluminum), and aluminum-silicon alloys for wheel manufacturing. Sold to foundries and casting operations.
• Metallurgical Analysis Expert metallurgical analysis services to assist businesses with material evaluation and quality assurance. Sold to industrial metal buyers and processors.
• Scrap Handling and Storage Professional scrap handling and storage services with experienced personnel ensuring proper processing at sorting and storage yards in Bolivia and Spain. Sold to scrap generators and processors.
• Financial Assistance and Risk Management Capital accessibility and risk management services for sourcing and distribution of large-scale international operations including international logistics. Sold to industrial commodity buyers and sellers.
• Real-time Market Flow Data Market intelligence service providing extensive global data enabling differential pricing capture and marketplace opportunity identification. Sold to commodity traders and procurement teams.
• Machinery and Equipment Supply Supply of high-quality machinery and equipment to metal and mining industries in over 30 countries. Sold to metal producers, miners, and recyclers.

Quantifiable outcome

• 45% of clients are smelters, 29% are aluminium extrusion and roll forming plants, 17% are other trading companies, and 7% are scrap processing firms

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• Institute of Scrap Recycling Industries (ISRI)coreOthersBlacklake Inc. is an active member of the Institute of Scrap Recycling Industries (ISRI). The company steadily adheres to applicable laws as well as international standards and guidelines for scrap recycling and metals trading.
• Bureau of International RecyclingcoreOthersBlacklake maintains strict adherence to Bureau of International Recycling standards, laws, and guidelines for scrap recycling and trading as part of their commitment to international standards.
• Local Operators in 50+ CountriesminorStrategic or Co-development PartnerBlacklake has strategic partnership agreements with many local operators in over 50 countries to extend their reach beyond their owned business operations, benefiting customers through expanded geographic coverage.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• SA Recycling: Major North American non-ferrous and ferrous scrap recycler and exporter. Comparable as a scrap metal trader focused on non-ferrous, serving domestic and export markets similar to Blacklake's trade flows.
• Metalico: North American non-ferrous and ferrous scrap metal recycler and trader. Comparable as a mid-sized non-ferrous scrap trading firm with operations across multiple US sites serving smelters and mills.
• Sims Metal Management: Listed global metals recycling and trading company with substantial non-ferrous operations. Comparable as a scrap metal trader with international footprint, though larger and publicly listed.
• Radius Recycling (formerly Schnitzer Steel): Major US-based metal recycler and trader operating in ferrous and non-ferrous segments. Comparable as a non-ferrous scrap collector, processor, and trader serving mills and foundries internationally.
• ELG Haniel: Specialized global trader and recycler of stainless steel and non-ferrous metal scrap, owned by Schoeller Group. Direct peer in non-ferrous scrap trading with similar customer base of mills and smelters.
• European Metal Recycling (EMR): Global scrap metal recycler and trader with strong non-ferrous focus (aluminum, copper, brass). Directly comparable as a non-ferrous scrap trading and processing firm with multi-country operations serving smelters and manufacturers.

Broad incumbents

• Glencore: One of the world's largest diversified commodity traders with significant non-ferrous metals (especially aluminum, copper, zinc) trading operations. Comparable as a global physical commodity trader serving smelters and industrial buyers, though far larger and more diversified than Blacklake.
• Norsk Hydro: Integrated aluminum producer with primary metal, extrusion, and recycling operations. Comparable because Blacklake sells primary aluminum (billets/ingots) into Hydro's downstream segments, though Hydro is far larger and operates its own smelting.
• TRIMET Aluminium: European primary aluminum and recycling specialist. Comparable as a buyer of aluminum scrap and producer of primary aluminum products; operates at a similar geographic scope to Blacklake within Europe.
• Trafigura: Major global commodity trading house with extensive non-ferrous metals operations including aluminum and copper. Comparable in business model (physical trading of metals with global logistics), though it operates at vastly greater scale across many commodities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/blacklake-incorporated

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 Blacklake