Cologne-based secondary copper and aluminum producer Metycle has secured a $150 million credit facility from Rivonia Road Capital, a global private capital manager focused on asset-backed lending. The facility enables Metycle to execute larger transactions, move greater volumes of secondary metals, and expand supply to industrial buyers and smelters, the company says.

The financing also provides a repeatable framework for funding complex physical commodity transactions with institutional private credit — a structural answer to a persistent constraint in the secondary metals trade, where fragmented specifications, inconsistent data quality, and uneven documentation make deals difficult to standardize, verify, and finance at scale. For suppliers, Metycle says, the model promises faster execution; for customers, larger and more consistent flows of specified secondary feedstock.

Vertical integration from scrap to smelter

Metycle's model links three functions that usually sit in separate hands: global commodity trading, physical processing, and digital verification. The company's trading operations manage sourcing, risk, and execution.

TrustTrack, the company's digital evidence layer, connects records on material identity, quality, processing, custody, and logistics to individual batches and trades. Every processed batch and completed transaction feeds Metycle's proprietary data set on material characteristics, processing outcomes, and trade execution, which the company uses to inform sourcing and sales decisions.

The physical anchor is Metycle's first SmartSorting Hub in Maasmechelen, Belgium. The site combines AI-enabled sorting, spectroscopy, and proprietary data infrastructure to convert mixed scrap into clearly specified, smelter-ready feedstock. Sensor data guides sorting toward buyer specifications and improves output consistency — the difference, in practical terms, between a heterogeneous scrap stream and a commodity a smelter can book with confidence.

The demand-side case

Copper and aluminum underpin electrification, power grids, data center infrastructure, and advanced manufacturing. New primary supply takes significant time to develop, so reliable secondary supply is becoming increasingly important to raw material security, industrial resilience, and decarbonization, Metycle argues. The bottleneck, on the company's reading of the market, is not demand. It is the predictability of supply.

"Secondary metals do not lack demand. They lack predictability," says Rafael Suchan, CEO and co-founder of Metycle. "Our opportunity is to make secondary supply behave more like an industrial raw material: specified, traceable and reliably delivered. This facility gives us the capacity to finance substantially more material through that system and serve customers at a much greater scale."

The lender's rationale

Daniel Zinn, co-founder and managing partner of Santa Monica, California-based Rivonia Road Capital, framed the deal as a bet on the platform rather than the metal price. "We are proud to support Metycle's next phase of growth," Zinn says. "The company has built a differentiated platform that brings greater transparency, reliability, and efficiency to the global recycled metals market while helping meet growing demand for sustainable raw materials. We have been particularly impressed by the management team's deep industry expertise, disciplined execution and clear vision for scaling the business."

What to watch

The $150 million raises a straightforward test: can Metycle convert asset-backed credit capacity into throughput at the Maasmechelen hub and repeat the model at additional sorting sites? The milestone that decides what happens next is volume — the tonnage the facility finances through Metycle's system over the coming quarters, and whether institutional private credit becomes a durable financing channel for standardized secondary feedstock or remains a single-company experiment.