StoneX Group Inc. expands with acquisition of JBR Recovery Ltd. to strengthen its position in the precious metals market
StoneX Group Inc. expands with acquisition of JBR Recovery Ltd. to strengthen its position in the precious metals market
10/09/24, 5:21 PM
Location
Industry
financial services
retail
mineral
precious metals
mining
manufacturing
StoneX Group Inc., a prominent financial services firm, has strategically acquired JBR Recovery Ltd., a UK-based leader in precious metal recovery and refining. This acquisition marks a strategic expansion of StoneX's metals offering, enabling the company to control a significant portion of the supply chain and meet increasing demand for recycled silver. The acquisition is expected to bolster StoneX's position in the precious metals market by incorporating JBR's expertise and capabilities into its comprehensive service offerings.