IXM

IXM S.A. is a base metal commodity trading company with headquarters in Geneva, Switzerland. It is regarded as the third biggest metals trading company aside from Glencore and Trafigura.[4][5] The current company was rebranded from "LDC Metals" to "IXM" after the transaction from LDC Group to the Chinese fund NCCL Natural Resources Investment Fund was completed in May 2018.[6][7] It is a global merchant in base and precious metals, and is among the top copper, zinc and lead concentrates merchandizers, and a leader in refined copper, zinc, aluminium and nickel markets.

IXM's business started in 2005 when Louis Dreyfus Company acquired Mitsui & Co's copper concentrates book.[8] The business was expanded rapidly afterwards, when IXM broadened its reach to multiple raw and refined metal books. In 2012, IXM acquired 51% stake of GKE metal with $8m, as a step of its expansion into metals warehousing business.[9] The GKE Metal's stake was sold to a sister company of LDC in Nov 2017, as per a company filing of Louis Dreyfus Company.[10]

China Molybdenum took full control IXM in July 2019.[11]