Westwin Elements Secures Option to Extend Traxys Nickel Agreements for Up to 22 Years, Potentially Worth $3.96 Billion
Westwin Elements, America’s only Class 1 nickel refinery, and Traxys, a leading global physical trader and merchant in metals and natural resources, today announced agreements under which Westwin may extend its existing feedstock and nickel offtake arrangements with Traxys for a total term of up to 22 years. The amended and restated agreements give Westwin a long-term pathway to secure feedstock and offtake as it expands its U.S. production, reducing commercial risk while strengthening the domestic nickel supply chain.
