Elemental Leverages ION’s Aspect CTRM for Enhanced Metals Trading Operations
ION Commodities, a leading global provider of commodity management solutions, announced that Elemental, a specialist in sourcing, refining, and recycling essential metals for sustainable technologies, has chosen ION’s Aspect CTRM to streamline and expand its trading operations. Elemental’s decision to implement Aspect highlights the critical need for flexible and robust solutions within the rapidly evolving landscape of industrial materials and precious metals markets.
The dynamic metals trading environment presents businesses with increasing pressure to manage market volatility, comply with regulations, and meet sustainability demands. Elemental plays a vital role in supplying crucial materials for energy storage, electronics, and renewable energy, including palladium, platinum, and rhodium. To maintain its competitive edge, Elemental sought innovative technology that seamlessly integrates trading, risk management, and operational workflows.
Aspect, a proven CTRM solution, provides the flexibility and scalability to meet these challenges. Specifically designed for the metals market, Aspect caters to the sophisticated needs of global metal traders. Elemental selected Aspect for its ability to support multi-commodity trading in metals, batteries, tolling, and platinum group metals (PGMs). With real-time P&L monitoring, integrated workflows, and complete visibility across trading, risk, and operations, Aspect offers a unified system that eliminates manual processes and simplifies decision-making.
By consolidating data, enhancing risk management with VaR and stress testing, and supporting portfolio diversification, Aspect empowers Elemental to manage volatility, optimize performance, and respond swiftly to market disruptions. Principia Consulting, a system integrator and business consulting provider, partnered with ION and Elemental to ensure a smooth and efficient Aspect implementation. This collaborative engagement allowed for a seamless transition, enabling Elemental to leverage Aspect’s full capabilities in record time.
With this successful deployment, Elemental is well-positioned to optimize its trading processes, enhance visibility into market opportunities, and manage risk across its diverse portfolio. Piotr Baszak, Head of Trading at Elemental, expressed his enthusiasm for Aspect, stating, “After a thorough selection process, Aspect was the clear choice to help us manage our metals, tolling, and PGM trading operations. Its intuitive interface and comprehensive functionality give us a competitive edge in this complex market. We’re excited to realize Aspect’s full potential as we grow.”
Sunil Biswas, Head of ION Commodities, added, “Aspect is our CTRM solution for metals, designed to address the intricate and diverse challenges across the value chain. We’re proud to support Elemental in expanding its trading capabilities. Our ongoing investment in Aspect ensures that the solution remains at the forefront of innovation, adapting to the ever-changing needs of the metals market.”
Doug Gyani, CEO of Principia Consulting, stated, “By collaborating with Elemental’s team and accessing Aspect’s pre-configured metals-specific capabilities, we swiftly delivered a solution that addresses the complexity of the PGM supply chain, from origination through smelting, and refining, to settlement in the metals account.”
About ION
ION provides mission-critical trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporate organizations. Our solutions and services simplify complex processes, boost efficiency, and enable better decision-making. We build long-term partnerships with our clients, helping transform their businesses for sustained success through continuous innovation. For more information, visit https://iongroup.com/ .
About ION Commodities
ION Commodities delivers data-driven energy and commodities trading and risk management solutions across the supply chain. Our scalable ETRM and CTRM solutions equip clients with real-time risk analytics and reporting, minimize supply chain risks, automate critical business processes, and make faster, more informed decisions. We provide full support and transparency for procurement, supply, and trading to a global community of over 1,200 clients. For more information, visit https://iongroup.com/commodities/ .
About Elemental
Elemental is a capital group originating from Poland, operating in the field of urban mining in over 35 countries across 4 continents. A global leader in the production of green platinum group metals (palladium, platinum and rhodium). Also, the largest European entity independent of smelters that processes electronic waste and recovers, among others: gold, silver and copper. The Group owns a state-of-the-art facility in Poland for recovering rare earth metals (lithium, nickel, cobalt, manganese) from used Li-Ion batteries. For more information, visit https://elemental.biz/ .
