AfriMet Resources

What AfriMet Resources does

AfriMet Resources AG is a privately-held Swiss trading and development company, founded in 2019 by Hadley Natus as a wholly-owned subsidiary of the Vanomet Group, headquartered in Zug, Switzerland. The company specializes in the sourcing, trading, and supply of critical metals concentrates — Tin, Tantalum, Columbite, Lithium, and Tungsten — primarily from operations in the Democratic Republic of Congo, Nigeria, Burundi, and Brazil. It serves three primary customer segments: established mining companies and smelters seeking offtake and market access, small-scale miners and artisanal producers requiring supply chain development and financing, and downstream metal consumers requiring secure, conflict-free supply for industrial manufacturing processes.

The company's business model is a vertically-oriented commodity trading platform that captures margin through physical concentrate trading, long-term offtake agreements (sometimes structured with investment or debt components), strategic equity stakes in producing assets (Andrada Mining Ltd and Tantalex Lithium Resources Corp), and an integrated service stack covering logistics, finance, hedging, marketing, and risk management. Revenue mechanics rely on transaction margins across the metals supply chain rather than disclosed fees or SaaS-style pricing. The company is a member of ITSCI, providing OECD-aligned conflict-mineral due diligence — a meaningful compliance differentiator in the Central African 3T supply chain.

AfriMet operates with 120 staff across Africa, Switzerland, and Brazil, and is backed by Vanomet Group, a Swiss steel merchant established in 1991. The company explicitly disclaims any proprietary technology platform; its competitive moat is built on distribution network, regulatory compliance, upstream supply integration via equity investments, and counterparty trust developed through its parent's three-decade trading history. No revenue, funding, or transaction volume figures are publicly disclosed.

Name

AfriMet Resources

Legal name

AfriMet Resources AG

Website

https://afrimet-resources.com

Company type

Private

Founded year

2019

Operating status

Operating

Short description

AfriMet Resources AG is a Swiss Zug-based B2B trading and development company that sources and supplies critical metals concentrates — tin, tantalum, columbite, lithium, and tungsten — from African and Brazilian mines to global smelters and industrial consumers, backed by Vanomet Group.

Ownership category

akta.pro rank

Product category

Critical Metals and Minerals Trading

SIC

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

akta.pro primary industry

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

Keywords

• Critical metals trading
• Mineral concentrates supply
• Offtake agreement services
• African mining commodities
• Battery metals trading

Headquarters

HQ city

Zug

HQ country

Switzerland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Metals and Minerals Trading: Trading of Tin, Tantalum, Columbite, Lithium and other critical metals sourced from Africa. Revenue generated through purchase and sale of concentrates with margin captured through market intelligence and supply chain optimization.
2. Offtake Agreements: Long-term offtake agreements with mining producers, including investment or debt structures in return for offtake of produced materials. Provides constant tradeable volumes of concentrates at preferential terms.
3. Strategic Investments: Returns from strategic investments in Andrada Mining Ltd and Tantalex Lithium Resources Corp, which provide preferential tradeable volumes of Tin, Tantalum and Lithium concentrates.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

AfriMet Resources is a B2B trading and development company that procures and supplies metal concentrates — tin, tantalum, columbite, lithium, and tungsten — sourced primarily from African operations (DRC, Nigeria, Burundi) and Brazil. It provides complementary supply chain services including offtake structuring, logistics, marketing, project development, financing, hedging, and risk management to mining producers, smelters, refiners, and end consumers globally.

Product overview

AfriMet Resources is an Africa-focused trading and development company specializing in the supply of critical metals concentrates. The company operates as a unified trading platform offering five core mineral products (Tin, Tantalum, Columbite, Lithium, and Tungsten concentrates) sourced from operations in DRC, Nigeria, Burundi, and Brazil. These products are complemented by a comprehensive suite of eight service modules covering the entire supply chain: Supply Chain Development, Offtake Agreements, Logistics, Marketing, Project Development, Finance/Funding, Hedging, and Risk Management. The company positions itself as an integrated trader with strategic investments in mining operations (Tantalex Lithium Resources Corp and Andrada Mining Ltd) to ensure consistent tradeable volumes at preferential terms, enabling it to serve as a long-term supplier of critical metals to the global market.

Differentiator

Problem solved

Functional benefit

Products and services

• Tin (Sn) Concentrates Tin concentrates sourced from African operations, with primary use in solder applications (48%) and essential for semiconductors and other new technologies. Sold B2B to smelters, refiners and end consumers.
• Tantalum (Ta) Concentrates Tantalum concentrates traded and supplied from Africa, used mainly in capacitors (44%), engine turbines (22%), semiconductors (10%) and chemical processing equipment (6%). Sold B2B to global smelters, refiners and end users.
• Columbite (Nb) Concentrates Columbite concentrates, considered a technology-critical metal, sourced from African operations in DRC, Nigeria and Burundi. Sold B2B to industrial smelters, refiners and end consumers.
• Lithium (Li) Concentrates (Spodumene) Lithium spodumene ore and concentrate positioned for the electric vehicle industry, with projected supply constraints into 2040 and 19% CAGR forecast from 2022 to 2027. Sold B2B to global smelters, refiners and end consumers.
• Tungsten (W) Concentrates Tungsten concentrates used in high-strength steel alloys, electrical components, light bulb filaments, radiation shielding, nuclear reactor components, and X-ray tubes. Sold B2B to industrial smelters, refiners and end consumers.
• Supply Chain Development for SSM and Artisanal Producers Development services for small-scale miners and artisanal producers, including knowledge transfer, technical support, and investment aimed at increasing production capacity from existing supplier portfolios.
• Offtake Agreement Solutions Long-term offtake agreements for mineral products with access to a diverse portfolio of end receivers and smelters, including investment or debt-structure arrangements in return for material offtake.
• Global Logistics and Insured Transport Services Worldwide logistics services using vetted transport partners covered by insurance agencies, ensuring cargo reaches final destinations on time for concentrate deliveries.
• International Marketing and Trading Intelligence Services International marketing services using market intelligence and innovative trading expertise to anticipate market movements and facilitate global concentrate transactions.
• Early-Stage Mining Project Development Services Early-stage business identification and development leveraging a first-mover advantage in Africa via in-house exploration geologists who identify assets for further development.
• Finance and Funding Solutions for Mining Producers Industrial expertise and financial solutions for assessing and forecasting revenues for mining producers, with extensive knowledge of industry finance requirements and funding solutions.
• Commodity Hedging Services Technical expertise supporting commodity hedging requirements for price-risk management on tin, tantalum, lithium and other concentrate exposures.
• Risk Management Services Comprehensive risk management through business strategies and plans handled by expert analysts to address unpredictable market situations in exotic new markets.

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• Andrada Mining LtdcoreStrategic or Co-development PartnerStrategic investment providing AfriMet with preferential access to Tin concentrates. Andrada holds production, development and exploration assets in Africa with profitable pilot plant operations in tin being expanded.
• Tantalex Lithium Resources CorpcoreStrategic or Co-development PartnerCanadian junior mining company operating in DRC developing Lithium, Tin and Tantalum. Strategic investment providing preferential tradeable volumes of concentrates.
• ITSCI (International Tin Supply Chain Initiative)coreStrategic or Co-development PartnerAfriMet is a member of ITSCI and abides by rules and regulations to avoid financing conflict, human rights violations and other risks in the supply chain process.
• Global Logistics PartnersminorChannel Partner/ Reseller/ DistributorTransport companies covered and accepted by insurance agencies for global cargo movement, ensuring timely delivery to final destinations.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Glencore: Global diversified commodities major trading tin, cobalt, copper and zinc from African operations including DRC. Significantly larger scale and vertically integrated into mining, but directly overlaps with AfriMet in tin/cobalt trading flows from the same geography.
• Mitsubishi Corporation RTM: Trading arm of Japanese conglomerate with significant non-ferrous metals franchise including tin and minor metals. Larger and more diversified but active in the same African-origin critical minerals flows serving Asian smelters.
• Mercuria Energy Trading: Large privately-held commodities trader with expanding metals franchise alongside core energy. Overlaps with AfriMet on base and minor metals trading from emerging-market producers, though broader commodity scope.

Direct peers

• Traxys: Mid-size international metals and minerals trader with strong focus on specialty/critical metals (tin, tantalum, niobium, cobalt) sourced from Africa and Latin America. Closely comparable in product mix, B2B model and African footprint.
• Trafigura: One of the world's largest private metals and oil traders with significant tin, copper and cobalt flows from Africa. Directly comparable B2B commodity trading model serving miners, smelters and end consumers globally with proprietary logistics.
• Gerald Metals: Privately-held global non-ferrous metals trader (copper, zinc, lead, tin, cobalt) with African sourcing exposure. Comparable as a privately-held, mid-size trading intermediary operating across base and specialty metals.
• Stratton Resources: Specialty metals trader focused on tin, tantalum and niobium concentrates from Africa and South America. Closely comparable niche trader with similar product portfolio and African supply-chain orientation.
• IXM (International Xstrata Metals): Major metals trading arm owned by Louis Dreyfus Company, focused on non-ferrous concentrates and refined metals including African-origin copper, cobalt and zinc. Direct competitor for African offtake flows and global smelter relationships.

Others

• Tantalex Lithium Resources Corp: Canadian-listed junior developer of lithium, tin and tantalum assets in the DRC. Strategic investee of AfriMet and a key source of lithium (SC6) and tantalum concentrate volumes for its trading franchise.
• Andrada Mining Ltd: AIM-listed African tin and tantalum producer in which AfriMet holds a strategic equity stake. Comparable as an African critical-minerals operator and direct supplier to AfriMet's tin trading franchise.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

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

M&A

Investments1 record

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

Frequently asked questions about AfriMet Resources