Metallix Refining, Inc.

Metallix Refining, Inc. , based in the US, specializes in metal services, focusing on the purchasing, recycling, and refining of precious metals for various industries worldwide. Founded in 1968 in the US, Metallix operates in the precious metals sector, primarily engaged in recycling and refining operations. In July 2025, Sibanye-Stillwater Limited, a portfolio company of Public Investment Corporation, agreed to acquire Metallix for USD 78 million.

The transaction was completed in September 2025. Metallix Refining, Inc. offers comprehensive recycling and refining services for precious metal-bearing materials, including catalytic converters, electronic scrap, and industrial waste. Its processes include thermal reduction, wet chemistry, leaching, and mechanical reduction, supported by an in-house analytical laboratory.

These services cater to industries such as electronics, automotive, medical, and specialty chemicals, ensuring maximum metal recovery and regulatory compliance. The company generates revenue primarily through the purchase, processing, and refining of precious metal-bearing materials, selling recovered metals back into global markets. Additional income comes from specialized services such as secure transportation, environmental compliance solutions, and tailored recycling programs for industrial clients. Following the acquisition, Metallix Refining, Inc.

plans to expand its capabilities by integrating with Sibanye-Stillwater’s recycling operations in Montana and Pennsylvania. The combined expertise aims to enhance processing capacity, improve operational efficiency, and strengthen its position in the circular economy. Metallix will continue to innovate in refining technologies and explore global partnerships to meet rising demand for recycled precious metals.