Transamine

What Transamine does

Transamine Trading S.A. is a privately held Geneva-headquartered commodities trading firm founded in 1953 in Paris, self-described as the world's oldest independent and privately held company specializing in non-ferrous raw materials. The firm sources and markets non-ferrous base metal ores and concentrates, tin, cobalt, nickel, precious metals, related by-products, and residues globally, with offices in 16 locations across six continents serving mining producers, smelters, refiners, and investors. Its competitive positioning rests on deep domain expertise in concentrate mineralogy — knowing the specific attributes, impurity profiles, and smelter-processing implications of material from individual mines — and on a compact, multilingual team that can move quickly on bespoke transactions.

The firm's product and service portfolio extends beyond physical trading into an integrated financing stack: hedging against commodity price volatility, pre-export financing, pre-production financing for mining projects, tolling arrangements, barter and exchange services, consignment of inventory, and direct strategic investments in producing and future mines. Revenue is generated through transaction-based fees and spreads, financing fees and interest, and equity-style returns from strategic investments. The go-to-market model is direct enterprise B2B, built on long-term strategic alliances rather than broad marketing, with no disclosed pricing and no digital self-serve channels.

Customer segments are concentrated in three groups: mining producers seeking market access, price-risk management, and development capital; smelters and refiners needing consistent concentrate supply and optimization guidance; and start-up mining projects requiring offtake guarantees and pre-production financing. Recent strategic moves highlight a deliberate pivot toward battery-materials and US copper exposure, including a 2022 joint venture with Rock Tech Lithium, an October 2025 build-out of a US copper team, and a US$25 million copper-cathode offtake and financing package for NVRO Metals in Australia's Northern Territory.

Name

Transamine

Legal name

Transamine Trading S.A.

Website

https://transamine.com

Company type

Private

Founded year

1953

Operating status

Operating

Headcount range

51–100 employees

Short description

Transamine Trading S.A. is a Geneva-based, privately held commodities trading firm (founded 1953) that sources and markets non-ferrous base metal ores, concentrates, tin, cobalt, nickel, and precious metals globally for miners, smelters, refiners, and investors across six continents.

Ownership category

akta.pro rank

Product category

Non-Ferrous Metals Trading Services

NAICS

Coal and Other Mineral and Ore Merchant Wholesalers (42352)

SIC

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

akta.pro primary industry

Non-Ferrous Base Metals Trading (Aluminum, Copper, Zinc, Lead, Tin, Nickel) (IMAKAJAC)

akta.pro secondary industries

Concentrates & Intermediate Feedstocks Marketing (Concentrates, Cathodes, Anodes, Alumina) (IMAKAJAJ), Precious Metals Bullion & Concentrates Trading (Gold, Silver, PGM) (IMAKAJAD), Metals Commodities Exchanges (Precious & Base Metals) (FSAFAMAD)

Keywords

• Non-ferrous metals trading
• Base metal concentrates
• Commodity trade financing
• Mining offtake services
• Metal hedging services

Headquarters

HQ city

Geneva

HQ country

Switzerland

HQ region

Europe

Offices16 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Non-ferrous Metals Trading: Trading of non-ferrous base metal ores and concentrates, tin, cobalt, nickel, precious metals, related by-products, and residues. Revenue generated through transaction fees, offtake arrangements, and market price differentials.
2. Financing Services: Provides financial support including pre-export financing, pre-production financing, tolling arrangements, barter, and strategic investments in producing and future mines. Generates revenue through interest, fees, and equity stakes.
3. Hedging and Logistical Support: Risk management and logistical services for clients including hedging products, commodity exchanges, and consignment arrangements.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Transamine sources and markets non-ferrous base metal ores, concentrates, tin, cobalt, nickel, precious metals, and related by-products and residues worldwide. It supplements this core trading activity with hedging, logistical support, financing (pre-export, pre-production, tolling, barter, consignment), and direct strategic investments in producing and future mines.

Product overview

Transamine operates as a specialized non-ferrous raw materials commodities trading company offering a unified portfolio of interconnected services. The core offering centers on worldwide sourcing and marketing of non-ferrous base metal ores, concentrates, tin, cobalt, nickel, and precious metals. Supporting this primary trading business is a suite of financial services including hedging, pre-export financing, pre-production financing, tolling arrangements, barter, exchanges, and consignment services. The company also makes strategic investments in producing and future mines to secure supply chains and support client operations.

Differentiator

Problem solved

Functional benefit

Products and services

• Non-Ferrous Raw Materials Trading
• Hedging and Risk Management Services
• Commodity Trade Financing Services
• Strategic Mining Investment Services

Named customers6 records

Segments3 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

Three partnerships are on record, tiered core and minor.

• Rock Tech LithiumcoreStrategic or Co-development Partner · 26 October 2022Rock Tech and Transamine formed a joint venture for a new supply chain. The partnership involves cooperation on lithium supply, combining Rock Tech's lithium expertise with Transamine's global trading network and logistics capabilities.
• Adriatic MetalsminorStrategic or Co-development Partner · 29 April 2022Adriatic Metals agreed to offtake heads of terms with Transamine Trading SA, establishing a framework for future offtake arrangements for metals production.
• ForceminorStrategic or Co-development Partner · 17 July 2019Force signed a binding offtake agreement with Transamine Trading SA for the purchase of mined materials.

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Emerging players

• Hartree Metals: Hartree Partners operates a metals trading desk with focus on non-ferrous base metals and concentrates. Comparable to Transamine in non-ferrous metals focus and trading model, though positioned as a broader commodity and energy merchant with a smaller dedicated metals franchise.

Broad incumbents

• Trafigura: Trafigura is one of the largest independent commodities trading houses, with significant non-ferrous metals concentrate and refined metals operations. Comparable to Transamine in independent private structure and metals focus, but operates at much greater scale and across oil, gas, and bulk commodities.
• Mercuria Energy Trading: Mercuria is a major global commodities trader with growing non-ferrous metals operations alongside its core energy focus. Comparable to Transamine in independent private trading model but larger and more diversified across energy and soft commodities.
• IXM (Louis Dreyfus Company Metals): IXM is a wholly owned subsidiary of Louis Dreyfus Company and one of the largest non-ferrous metals traders globally. Comparable to Transamine in core metals trading activity but operates at materially larger scale and as part of a broader commodity platform.
• Glencore: Glencore is the world's largest diversified commodities trader and a major participant in non-ferrous metals marketing and trading. Comparable to Transamine in core metals activity but vastly larger and diversified across energy, agriculture, and mining ownership — a key competitor for offtake mandates.

Direct peers

• Concord Resources: Concord Resources is a non-ferrous metals trader focused on copper, zinc, lead, and precious metals concentrates and refined products. Comparable to Transamine in independent private ownership structure, concentrate market specialization, and global smelter relationships.
• Gerald Metals: Gerald Metals is a privately held non-ferrous metals merchant and trader focused on base metals concentrates, refined metals, and by-products. Directly comparable to Transamine in core product mix (concentrates), customer base (smelters and producers), and business model (physical trading with financing solutions).
• Ocean Partners: Ocean Partners is a non-ferrous metals trading and marketing company specializing in base and precious metals concentrates and refined metals. Closely comparable to Transamine in concentrate specialization, global trader-to-smelter model, and financing capabilities for junior miners.
• MRI Trading: MRI Trading is an independent non-ferrous metals merchant focused on copper, zinc, lead, and nickel concentrates and refined metals. Comparable to Transamine in scale (mid-sized independent), product scope, and direct sourcing from producers for delivery to smelters.
• Stratton Resources: Stratton Resources is a London-based non-ferrous metals merchant trading concentrates and refined metals globally. Comparable to Transamine in independent trader positioning, concentrate focus, and B2B smelter/producer relationship model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/transamine_hq
• LinkedInlinkedin.com/company/transamine-s-a

Revenue estimate

Valuation estimate

Number of profiles

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 Transamine