(AOF) – Last Friday, Recylex, whose listing has been suspended for almost two years, requested the opening of a receivership and the implementation of a disposal plan relating to its industrial assets (prepack sale) , following the failure of the debt restructuring.
The company has noted, in view of the offers received as part of the asset disposal process initiated in May 2021, that it will not have sufficient financial resources to allow a restructuring of the debt in an amicable framework, and that it will be impossible to implement the planned asset disposal program in an in bonis framework (situation in which a natural or legal person normally has all of their rights to their assets).
Given the above, there are no plans at this stage to resume trading in the Recylex share.
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Metals involved in a “supercycle”
Several experts use this term to refer to the progression of prices in the years to come. Copper and aluminium, which play a central role in decarbonization policies, present significant investment needs. Copper production is expected to decline in 2023 if new mines are not explored.
Meeting the goals of the Paris climate agreement will lead to a six-fold increase in the demand for minerals by 2040. The International Energy Agency (IEA) estimates that the limited supply of critical minerals such as that lithium or nickel threaten the energy transition. The investment period is long because more than sixteen years on average are needed between discovery and the first production of a mining project.