Entry to REE....window of opportunity29 Jun 2025 22:41
VITOL Private, owned by around 400 senior partners who are current or former employees. CFO publicly affirmed that there's “no chance” Vitol will pursue an IPO, as they have sufficient funding from credit lines and don’t need to access equity markets. Generated about $331 billion in turnover in 2024 (down from $403 b in 2023). IMHO for Vitol its an entry point they are too big and don't need any financing I might be wrong but they see huge opportunity. Malawi is a stable democratic jurisdiction with strong government backing, robust infrastructure (roads, rail, power), and upgraded site access . Mine → Refine → Recycle strategy: producing MREC at Songwe, separated in Poland, and recycling NdFeB magnets via Mkango’s partner Maginito/HyProMag network ...complete cycle at one go. JMHO Not an analyst but as said before i won't be surprised if Vitol increases its stake or at some point they take it provate. glta