Trafigura completes Ecobat Stolberg lead smelter purchase (updated)

Nyrstar NV

15/02/2023 11:16

(Adds context, quote)
       Feb 15 (Reuters) - Commodity trader Trafigura
 TRAFGF.UL  said on Wednesday it has completed its purchase of
Ecobat Resources Stolberg (ERS) multi-metals processing plant in
Germany and plans to bring it online in the coming weeks to
supply European battery producers. 
    The Stolberg plant will be operated and managed by Nyrstar
 NYR.BR , which Trafigura owns, and the Stolberg business will
be renamed Nyrstar Stolberg GmbH, Trafigura said in a news
release. 
    The plant was among several industrial sites damaged by
massive flooding in Germany's west and south last year and has
suffered months of lost production. 
    It has the capacity to produce 155,000 tonnes of lead, and
more than 100 different specifications of lead alloys as well as
130,000 tonnes of sulphuric acid.
    "We plan to bring Nyrstar Stolberg online in the coming
weeks," Guido Janssen, co-CEO of Nyrstar, said.
 (Reporting by Ashitha Shivaprasad and Seher Dareen in
Bengaluru; editing by Jason Neely and Barbara Lewis)
 ((Ashitha.Shivaprasad@thomsonreuters.com;))