Campine has even become a bigger player now the Chinese producers are out. I’m expecting a booming year and the third generation of reclycling ATO out of lead batteries will make it even bigger (in proably 2 years Campine will be able to recycle 50% of its ATO-production out of recycling!!)
Latest comments suggest that Campine is in talks with the American government (and we know why…there is no ATO for America but they have 160mln batteries available per year for recycling and need the knowhow of Campine now).
I don’t agree that the thesis boils down to whether antimony prices will rise or fall in the future. If you look at the H1 2024 results the antimony side of the business only contributed EUR 6 million out of the EUR 19,7 million in EBITDA. They are still investing in the circular metals division and continuing with the integration of the former Recylex activities so I also expect continued improvement from that side of the business. In addition to that, they just started with the plastics recycling activities, which could be a big profit contributor as well next to the circular metals division and the antimony oxide production. Time will tell.
Campine has even become a bigger player now the Chinese producers are out. I’m expecting a booming year and the third generation of reclycling ATO out of lead batteries will make it even bigger (in proably 2 years Campine will be able to recycle 50% of its ATO-production out of recycling!!)
Latest comments suggest that Campine is in talks with the American government (and we know why…there is no ATO for America but they have 160mln batteries available per year for recycling and need the knowhow of Campine now).
Thank you for bringing this interesting company to my attention.
It has nothing to do with your article but I like their blogposts. I like to think that they show “the human side” of the company.
It will mostly boil down to will antimony prices rise or fall in the future and you do not answer that question.
I don’t agree that the thesis boils down to whether antimony prices will rise or fall in the future. If you look at the H1 2024 results the antimony side of the business only contributed EUR 6 million out of the EUR 19,7 million in EBITDA. They are still investing in the circular metals division and continuing with the integration of the former Recylex activities so I also expect continued improvement from that side of the business. In addition to that, they just started with the plastics recycling activities, which could be a big profit contributor as well next to the circular metals division and the antimony oxide production. Time will tell.