30 January 2026 Accionistas
Molymet and Canada-based Maritime House Metals announced the signing of a Memorandum of Understanding (MOU) to review the potential formation of a joint venture aimed at addressing the global rhenium supply chain.
The purpose of this strategic alliance is to strengthen rhenium recovery and supply, particularly in response to the growing demand from the aerospace industry in the United States, the United Kingdom, the European Union, and China.
Key Highlights of the MOU
1. Joint Venture Formation:
MMT and MH will review the establishment of a 50/50 joint venture (JV) to acquire rhenium-bearing materials, including nickel-based superalloy scrap and binary alloy scrap, and process them into ammonium perrhenate (APR) and rhenium metal. In its initial phase, the JV will utilize the existing facilities of either party.
2. Market Expansion:
The JV will market and sell finished rhenium products, including APR, rhenium metal pellets, and rhenium powders. In addition, it will collaborate with Original Equipment Manufacturers (OEMs) to offer comprehensive recycling and primary supply solutions.
3. Future Expansion:
The JV will assess the commercial viability of establishing new rhenium processing facilities in North America should feedstock volumes exceed current processing capacities.
4. Addressing the Growing Demand for Rhenium:
Rhenium is a critical material used in high-performance applications, particularly in the aerospace industry. As demand forecasts continue to rise, this partnership is expected to play a key role in stabilizing the global rhenium market.
Edgar Pape, CEO of Molibdenos y Metales S.A., stated, “The envisioned partnership will represent a significant step forward in ensuring a reliable supply of rhenium, catering to the industries that depend on this critical material.”
James Peer, Director of Maritime House Metals Inc., added, “The joint venture will leverage the strengths of both companies to create a sustainable and efficient rhenium recovery and supply chain. We are committed to meeting the growing demand and supporting the industries that rely on rhenium.”
