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Defence|Energy|SECURITY|Technology
Defence|Energy|SECURITY|Technology
defence|energy|security|technology

TechMet expands Mercuria partnership, launches trading arm

Brian Menell

Quentin Lamarche will lead the TechMet SCM unit as CEO.

27th August 2025

By: Creamer Media Reporter

     

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Brian Menell-led TechMet has deepened ties with commodity trading giant Mercuria Energy Trading, securing fresh investment that lifts Mercuria’s total commitment to the critical minerals company this year to $68-million.

The funding cements Mercuria as one of TechMet’s largest shareholders and strategic partners, the Dublin-based company said in a statement Wednesday.

As part of the expansion, TechMet will launch a new trading arm, TechMet SCM, which will be wholly owned and focus on specialty metals where the company has niche expertise.

“Mercuria’s backing adds to TechMet’s growth as we secure Western-aligned supply of the critical minerals that will drive the twenty-first century economy,” said Menell, TechMet chairperson and CEO. “TechMet SCM will be instrumental in achieving this objective, vital to both economic growth and national security.”

The new entity will manage offtakes from TechMet’s portfolio companies as well as third-party producers, and expand its footprint with teams in South Korea, Western Europe and Washington, D.C.

Quentin Lamarche will lead the unit as CEO.

“I am honoured to lead TechMet SCM into its next chapter,” Lamarche said. “Our mission is to build a world-class trading platform that serves the rapidly growing demand for critical minerals across the energy, technology, aerospace and defence industries.”

Mercuria, one of the world’s largest independent energy and commodities groups, said the partnership expands its presence in metals trading amid tightening global supply. Kostas Bintas, global head of metals and minerals at Mercuria, said that TechMet's team had "unrivalled expertise in critical minerals at a time when securing supply has never been more important".

TechMet, backed by investors including the US International Development Finance Corporation and Qatar Investment Authority, holds stakes in ten operating companies producing and recycling minerals such as lithium, cobalt and rare earths.

Edited by Creamer Media Reporter

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