Umicore launches Nexyclus™, a unique guarantee for fully recycled precious metals, including PGMs
Umicore is launching the broadest offering of fully-recycled precious metals worldwide, including platinum-group metals (PGM), with three types of certificates. Branded as Nexyclus™, this unique offering addresses resource scarcity and increased demand for recycled, responsibly sourced and low-carbon metals, and builds on Umicore’s global leadership in the recovery of precious metals with its longstanding circular business model.
Nexyclus™ guarantees 100 percent, high-quality recycled metals, starting with the precious metals gold, silver and the PGMs platinum, palladium and rhodium. These non-ferrous, recycled metals all originate from reliable suppliers, in line with Umicore’s responsible sourcing framework. Customers can choose between three recycled content offerings and chain of custody certifications. Nexyclus™ certificates will be third-party audited.*
“Umicore’s Nexyclus™ represents the world’s widest fully recycled, responsibly sourced precious metals offering, harnessing the technology leadership of our worldwide and world-renowned precious metals refining and recycling capabilities. The offering secures reliable access to critical raw materials for a range of industries supporting their own sustainability objectives and advances the circular economy.”
Veerle Slenders, Umicore’s Executive Vice President Recycling
Nexyclus™ leverages the strengths of Umicore’s Precious Metals Refining and its Jewelry and Industrial Metals activities. Umicore’s precious metals refining and recycling facility in Hoboken processes and recovers 17 precious and other non-ferrous metals out of 200 different and complex industrial waste streams at the highest quality and sustainability standards through its unique and proven flowsheet. Umicore’s Jewelry and Industrial Metals is a leading provider, offering a complete range of precious metals recycling services and products. Catering to top names in jewelry, watchmaking, and the coin industry, it also serves the electrical engineering, automotive, chemical, and medical technology sectors with industrial applications.
----
* PwC bedrijfsrevisoren BV will be appointed as assurance provider to issue a limited assurance report in accordance with ISAE 3000 on the Nexyclus™ certificates as from the reporting period 2024. KPMG are auditors of Umicore’s Jewelry and Industrial Metals and are authorized by both the London Bullion Market Association (LBMA) and the Responsible Jewellery Council (RJC) to perform certification audits according to internationally recognized standards and frameworks such as within the OECD and UN.
